It’s often embarrassing to be right, but I blush not over my correct analysis… it is nothing more than a cunning attempt to offload millions of dollars worth of government expenditure back on to the states without giving them any means – other than posing an income tax – of raising the revenue needed.
[The Premier] claims he was sold a pup. Not so. He has been given a large, extremely hungry and undoubtedly treacherous hound.
No, not a comment about Malcolm Turnbull’s plans to give the states the opportunity to raise revenue to pay for services.
That’s a comment BY Malcolm Turnbull – in 1976 – the last time a Prime Minister tried to devolve revenue raising by means of state based income taxes. Continue reading ““A Large, Extremely Hungry and Undoubtedly Treacherous Hound”: Malcolm Turnbull on State Income Taxes … in 1976″