Turnbull unveils complicated formula to ensure every state’s capacity is at least equal to NSW or Victoria

The Turnbull government believes it has finally solved the problem of the carve-up of goods and services tax revenue.

It has rejected a key recommendation from the Productivity Commission that would have sent billions of extra GST dollars flowing to New South Wales and Western Australia while leaving every other state worse off. Instead, it has proposed its own model, to be phased in over eight years.

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Read More Coalition reveals details of radical attempt to fix GST formula

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