- OECD recommends Australia consider increasing consumption tax rate
- Reduction of exemptions also suggested
- Aim is to create a robust fiscal framework and address challenges posed by aging population
- Modest economic growth anticipated up to 2025
- Factors like high interest rates and cost-of-living pressures could affect household spending
- Unemployment expected to increase to approximately 4.4% in 2025
- Inflation expected to continue to moderate
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
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