Prime Minister John Howard launched the government’s tax package that features a Goods and Services Tax.
Howard held a press conference with Treasurer Peter Costello to explain the package to journalists.
- Listen to Howard (3m)
Transcript of Prime Minister John Howard’s press conference.
Ladies and gentlemen, welcome to the launch of the Government’s tax plan for Australia’s future. This is a very important day for the economic future of Australia. The plan that is being launched today represents the biggest single remake of the Australian taxation system since Federation. It involves some historic changes in relations between the Commonwealth and the States. It lays the groundwork for Australia going into the 21st century growing more strongly, generating more jobs and being able to compete more effectively on world markets. It also involves a very major remake of Australia’s social security system, which will do two very important things.