Malcolm Turnbull followed by Mike Baird, Daniel Andrews and Will Hodgman at COAG. Source: AAP
Prime Minister Malcolm Turnbull says the Federal Government wants to let the states and territories impose some income taxes of their own, suggesting the current system is a failure.
Prime Minister Malcolm Turnbull says the Federal Government wants to let the states and territories impose some income taxes of their own, suggesting the current system is a failure.
Mr Turnbull says he will put forward the idea to the state and territory leaders.
It would involve the federal government reducing its income tax by an agreed percentage and allowing state and territory governments to levy an income tax equal to that amount.
