The GST could be raised by 50 per cent to fund stimulus rescue packages designed to tackle the coronavirus pandemic. By comparison, New Zealand has a 15 per cent GST while the UK has an equivalent Value Added Tax of 20 per cent. The GST could be raised by 50 per cent to fund stimulus rescue packages designed to tackle the coronavirus pandemic. Raising the GST to 12.5 per cent or 15 per cent would be permanent and require parliamentary approval - a difficult ask given the government lacks a Senate majority. By comparison, New Zealand has a 15 per cent GST.

Source: Daily Mail April 06, 2020 03:15 UTC