As a first choice I would suggest that the ATO set about collecting all the available GST. By there own admission they only collect around %38 of the total pool because the neither have the resources nor the staff to do so.
The problem is that the cash economy has grown enormously with the introduction of GST registration and BAS activity based on personal honesty.
I ask any of you to take note of just how many small businesses and tradies taking unreceipted cash. Most take away businesses don't have efpos and only accept cash.
It has been estimated that if all the GST was collected the income tax liability on the ordinary worker would not cut in until $60,000.
Now how do we collect it?
Very simple we supply a cash register system, similar to the system in use by the Queensland Treasury to monitor every poker machine in the state 24/7.
We use the existing infrastructure of Medicare (which is a bank really)to collect the GST information and if businesses are caught not using the till the owners are imprisoned for a minimum of 12 months.
A temporary increase in the GST could be used to fund the technology needed. The NBN is already out there as the carrier.
Problem solved.

Just an update:

In addition to the $2 billion dollars which has already been borrowed since the Abbott government came to power....

(according to Stephen Koukoulas)

"Govt borrowings in the week ahead: $800 mil for three years; $500 mil for 3 months; $500 mil or six months; $800 mil for 11 years; Total $2.6 bil by Friday"

"Australia's gross debt now $276.6 billion. It was $273.2 billion on 6 Sept 2013"

Come on Poirot, stop making a fool of yourself.

The election of a new & better government DOES NOT stop the requirement to pay the interest on the debt accumulated by a previous disastrous government.

In fact I do seem to recall sensible people trying to tell you & others on here that our grandkids would be still paying off that debt, long after the fools who committed us to it are dead & buried. Strangely you had no problem with that debt at the time. Do be careful, at the rate you are spinning, you will soon have a bored a hole you could never climb out of. Oh of course, you already have, & are now merely sniping at passers by from the bottom.

Hey chrisgaff1000, you lot really do like parting a worker from their money don't you. If you want to stick anyone in prison, may I suggest you make it the criminals who were running the last government, who committed us to the debt with which we are now burdened.

In a society, where bleeding heart magistrates give armed robbers suspended sentences, I am inclined to think 12 months for missing the till with a few bob is a little extreme.

Pray tell, just how long would you give the employee who pockets similar amounts of money, a couple of years perhaps? After all they have robbed their boss, but they have also pocketed the same amount of GST as well, so two crimes at once. What do you reckon, or is prison only for business folk, not employees?

Hasbeen,

Yes dear...I realise that.

But considering one (of the many) three-word slogans sprinkled liberally upon the electorate during the recent campaign was...

"From Day One..."

Stop the boats....buy the boats....fix the economy....etc.

"From day one"

(noting they didn't waste any time dispensing with the things they could..."From Day One")

Baloney.....

Poirot,

You big fibber!

Tony DID NOT say he would stop the boats "From Day One..."

Oowah! I am going to tell Miss Julia on you and you will be in big trouble.

I think all the left whingers are trying judge the coalition by Labor standards.

Guys, Just because Juliar and Dudd lied and broke just about every promise, does not mean that the coalition will.

Abbott promised no change to the GST in this parliament. He will sponser a review of the tax system in its entirety and will implement the recommendations that are appropriate.

Just remember that the Henry tax review in Dudd's time recommended about 200 changes, of which Dudd cherry picked, and gave us the mining tax.