Australia's tax take from individuals and businesses is one of the highest in the developed world, according to an Organisation for Economic Co-operation and Development report, whereas its GST rate remains less than half the average of the developed world. The Turnbull government is considering an increase to the rate and base of goods and services tax, and cuts to personal tax and the corporate tax rate as part of its upcoming review.  
The OECD has long argued that it makes sense to have a more "growth-friendly" tax mix that could include broadening the base and raising the rate of the GST and increasing the use of state-based land taxes. The government will present an "options" paper early next year that will narrow down the key areas the government wants to look at for tax reform. One of the big issues is whether GST should be raised from 10 per cent to 15 per cent. The OECD Revenue Statistics report shows Australia's 10 per cent rate is well below the OECD average rate of 19.2 per cent. The report also shows that Australia has a relatively high tax take from individuals and businesses. The report found 18 per cent came from taxes on corporate income and capital gains - this is the highest in the OECD (out of 34 member countries). And 39 per cent came from taxes on personal income, profits and gains - the second-highest in the OECD.