Turnbull: GST increase 'won't be taken to election'

PRIME Minister Malcolm Turnbull has ruled out increasing the goods and services tax (GST).

Mr Turnbull had previously refused to rule out the prospect of an increase, which has been debated since late last year as part of overall tax reform.

Federal Government ministers told the ABC last week that the Coalition had abandoned the idea, but today brought the first confirmation from the Prime Minister.

Mr Turnbull said "the Government will not be taking a proposal to increase the GST to the election".

He said it had been ruled out as the growth dividend would be "somewhere between nil and very small".

Read more at the ABC.