Sunday, August 2, 2015

GST


GST

You may remember the film Meet Joe Black which came out in 1998, with the actors Brad Pitt and Anthony Hopkins. It was the first time I had heard the idiom 'as sure as death and taxes'.

The latter are gathered by those in charge of the state, to be able to finance the service offered by the state and, if the leaders have no scruples, to line their own pockets. However this is not the topic of today.

In the past 2 weeks, the NSW Premier Mike Baird has proposed that the rate of GST increases from 10% to 15%.1 No one enjoys speaking tax, and paying it even less. However I wanted to talk and comment about some terms that are often bandied about.

First of all, what is GST? It's an abbreivation for Goods and Services Tax, a form of tax that is collected bit by bit at all stages in the construction of the product or service, instead of being collected all at once at one stage, such as a customs duty or income tax.

Several countries have a GST apart from Australia, like Canada. In other countries such as those in the European Union including Malta, it is called VAT (Value Added Tax).

In Australia, GST is collected by the federal government, and distributed entirely to state and territory governments. The main advantages (for government) are:
  • it covers most of the economy (with some exclusions such as food and health) to the same extent, and does not target specific parts such as stamp duties on property transfers, or taxes on income (which discourage the targeted activity, resulting in a distortion in the economy);
  • that it starts being collected gradually much before the product or service is purchased by the consumer.

The downside of this tax is its regressive nature. What does this word mean - are we moving backwards?

This term is used to distinguish GST (and similar taxes like VAT) from 'progressive' taxes like income tax. With the latter, the higher the income (money earned), the higher the rate paid. In Australia, rates go from 19% to 45%. In many countries including Australia, those on very low incomes don't pay any tax on income.

With GST, everybody pays the same rate (today 10%), notwithstanding income or wealth. If one compared how much tax is paid by a poor person compared to his income, and did the same with a rich person, you would notice that the former would pay more, or much more, than the latter2. For that reason, GST is called regressive.

Progressive taxes are considered measures of social justice, positive (and to be increased) by leftist political parties. They are considered negative (and to be decreased) by rightist political parties. As you would expect, these parties have the opposite attitude to regressive taxes.

For this reason, there is always a political fight whenever GST (or VAT) is to be introduced or increased in a country. This happened in Australia in the year 2000, when the Labor Party opposed (without success) the introduction of GST, and I remember the same happening in Malta in 1995 when the Labour Party opposed the introduction of VAT, removed it when the tables turned, and saw it re-introduced when the tables turned once again in 1999.

As we said, the Australian GST rate is 10%. It's much lower than in the EU, where the lowest standard rate permitted is 15%3. In practice though, the lowest rates are those in Luxembourg (17%) and Malta (18%), and the highest is that of Hungary (27%).4 In New Zealand, the rate is 15%.

On the other hand, the rate in Canada is lower at 5%.

The fact is that GST and VAT are taxes considered to generate much less unintended distortion to the economy, which means it does not discourage one part and encourage another. I think this is a positive attribute, and Premier Baird's proposal, apart from providing income for the states to provide services such as health, has the potential to reduce the need for the number, (about 125, considered too high5), of taxes and their related complications, that exist today in Australia.

Nevertheless, I also believe in social justice, and so maintain that the poorest in society need to be taken care of, with substantial and and permanent compensation for what will become high costs for them, and/or simultaneous changes to other progressive taxes so that equity (i.e. giving a fair go with the poor) is maintained. Hence, we should be looking at other taxes as well rather than concentrate just on the GST.

Such a package would have my approval.



GST

Ma nafx tiftakrux il-film Meet Joe Black (Iltaqgħu ma' Joe Black) li ħareġ fl-1998, li kien fih l-atturi Brad Pitt u Anthony Hopkins. Kienet l-ewwel darba li ltqajt mal-idjoma 'ċert daqs il-mewt u t-taxxi'.

Dawn tal-aħħar jinġabru minn dawk li jmexxu l-istat, biex ikunu jistgħu jiffinanzjaw is-servizzi li joffri l-istess stat, u jekk min imexxi jkun bla skrupli, biex iħaxxen butu. Imma mhux fuq hekk nixtieq nitkellem illum.

Fil-ħmistax li għaddew, il-Premier ta' NSW, Mike Baird, għamel proposta biex ir-rata tal-GST tikber minn 10% għal 15%.1 Ħadd ma jieħu gost jitkellem fuq it-taxxa, u wisq inqas iħallasha. Biss xtaqt nitkellem u nikkummenta ftit fuq xi termini relatati li spiss jissemmew.

L-ewwel ħaġa, x'inhi l-GST? Hija abbrevjazzjoni ta' Goods and Services Tax (taxxa fuq il-prodotti u s-servizzi), forma ta' taxxa li tinġabar ftit ftit f'kull stadju fit-tiswir tal-prodott jew servizz, minflok tinġabar f'daqqa fi stadju wieħed, bħal tariffa tad-dwana, jew taxxa fuq id-dħul.

Hemm diversi pajjiżi li għandhom il-GST apparti l-Awstralja, bħall-Kanada. F'pajjiżi oħrajn tissejjaħ VAT (Value Added Tax - taxxa fuq il-valur miżjud), bħall-pajjiżi tal-Unjoni Ewropea inkluża Malta.

Fl-Awstralja, il-GST tinġabar mill-gvern federali, u titqassam kollha kemm hi lill-gvernijiet tal-istati u t-territorji. Il-vantaġġi prinċipali tagħha (għall-gvern) huma:
  • li tkopri l-biċċa l-kbira tal-ekonomija (ħlief esklużjonijiet bħall-ikel u s-saħħa) b'mod ugwali, u mhux partijiet speċifiċi bħat-tariffi fuq il-bejgħ tal-proprjetà, jew it-taxxa fuq il-pagi (li jiskoraġġixxu dik l-attività, u għalhekk iwasslu għal tagħwiġ fl-ekonomija);
  • li tibda tinġabar gradwalment ħafna qabel ma l-prodott jew is-servizz jiġi mixtri mill-konsumatur fl-istadju tal-konsum.

Il-kritika għal din it-taxxa hi n-natura rigressiva tagħha. Din il-kelma x'inhi - mela sejrin lura?

Dan it-terminu jintuża biex jiddistingwi l-GST (u taxxi simili bħall-VAT) minn taxxi 'progressivi' bħat-taxxi fuq id-dħul. Bit-taxxa fuq id-dħul, iktar ma wieħed ikollu dħul (jaqla flus), iktar iħallas rata ta' taxxa għolja. Fl-Awstralja r-rati jibdew minn 19% sa 45%. F'ħafna pajjiżi nkluz l-Awstralja, min għandu dħul baxx ħafna ma jħallas xejn taxxa fuq id-dħul.

Bil-GST, kulħadd iħallas l-istess rata (illum 10%), għandu dħul kemm għandu dħul u għani kemm hu għani. Jekk tqabbel kemm iħallas taxxa ma kemm jaqla bniedem fqir u bniedem għani, tara li tal-ewwel bil-GST jispiċċa jħallas iktar, (jew ħafna iktar) proporzjonalment minn bniedem għani2. Għalhekk, il-GST tissejjaħ rigressiva.

Taxxi progressivi jitqiesu miżuri ta' ġustizzja soċjali, u bħala xi ħaġa pożittiva (u ta' min jiżdiedu) minn partiti politiċi xellugin. Jitqiesu bħala xi ħaġa negattivi (u ta' min jitnaqqsu) minn partiti politiċi tal-lemin. Kif wieħed jistenna, dawn il-partiti għandhom l-attitudni l-opposta għat-taxxi rigressivi.

Għal din ir-raġuni, dejjem ikun hemm ġlieda politika meta l-GST (jew il-VAT) ikun se jiddaħħal jew ikun se jogħla f'pajjiż. Dan ġara fl-Awstralja fis-sena 2000, meta l-partit Laburista oppona (mingħajr suċċess) l-introduzzjoni tal-GST, u niftakar l-istess ġara f'Malta fl-1995 meta l-partit Laburista oppona l-introduzzjoni tal-VAT, neħħiha meta inqalbet il-folja u kellu jaraha tiġi reintrodotta meta l-folja nqalbet lura fl-1999.

Kif għedna, fl-Awstralja r-rata tal-GST illum hi ta' 10%. Hija ħafna iktar baxxa minn dik fl-UE, fejn l-inqas rata standard permessa tal-VAT hija ta' 15%3. Fil-prattika però, l-inqas rati huma tal-Lussemburgu (17%) u Malta (18%), u l-iktar għolja huma tal-Ungerija (27%).4 Fi New Zealand ir-rata hija ta' 15%.

Mill-banda l-oħra, hija iktar għolja mir-rata tal-Kanada li bħalissa hi ta' 5%.

Il-fatt hu li l-GST u l-VAT huma taxxi meqjusa li jiġġeneraw ħafna inqas tagħwiġ mhux intenzjonat fl-ekonomija, jiġifieri ma jiskoraġġux lil parti u jinkoraġġixxu lil parti oħra. Din naraha bħala xi ħaġa pożittiva, u l-proposta tal-Premier Baird, apparti li tipprovdi dħul għall-istati għal servizzi bħal dak tas-saħħa, għandha l-potenzjal li tnaqqas il-bżonn ta' wħud mill-ammont meqjus kbir wisq (madwar 1255) ta' taxxi li jeżistu illum fl-Awstralja u l-kumplikazzjonijiet tagħhom.

Madankollu, nemmen ukoll fil-ġustizzja soċjali, u għalhekk insostni li hemm bżonn li nieħdu ħsieb l-iktar batuti fis-soċjetà, b'kumpens sostanzjali u permanenti għal dawk li se jkunu spejjeż għoljin għalihom, u/jew tibdil fl-istess żmien f'taxxi progressivi oħra sabiex l-ekwità (jiġifieri li timxi bil-fier ma min huwa fqir) ma tkunx mittiefsa. Għalhekk, iridu jiġu kkunsidrati taxxi oħra u mhux nikkonċentraw fuq il-GST biss.

Pakkett ta' dan it-tip ikollu l-approvazzjoni tiegħi.



4VAT Rates Applied in the Member States of the EU; European Commission, Taxud.c.1(2015); 1st January 2015
5Australia's Future Tax System - Report to the Treasurer; Ken Henry et al; 2009; Overview p.11

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