ABC News Daily Alan Kohler on raising the GST
10 snips
Jul 3, 2025 Alan Kohler, ABC's finance expert, delves into the pressing need for economic reform in Australia. He argues that discussions at the upcoming roundtable should prioritize artificial intelligence over traditional tax debates. Kohler highlights the proposal to raise the GST from 10% to 15% as a potential revenue booster while ensuring support for low-income earners. He also addresses the challenges AI poses to employment and the importance of adapting business strategies to leverage this technology effectively.
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Episode notes
Tax Reform Is Unavoidable
- Tax reform is essential for productivity, budget sustainability, and economic resilience.
- The main question is what new or increased taxes will be implemented, including the GST or wealth taxes.
AI as Productivity Catalyst
- Artificial intelligence should be the key focus for productivity discussions.
- The government could aid small businesses with AI by offering prompt-writing support.
Teach AI Prompt Writing
- Governments can help small and medium businesses improve AI use by teaching better prompt writing.
- This practical support would boost employee efficiency and productivity in the AI era.