The federal treasurer, Scott Morrison, is considering two major tax reform packages, one of which includes a hike in the GST.

A rise in the GST to 15% would boost revenue by $32bn each year under the largest of the packages which is reportedly preferred by Malcolm Turnbull, the Australian reports.

The increase would be expected to enable further tax reform including cuts to personal income tax and company tax rates, as well as compensation for low-income earners.

State government support would be needed to implement that package, but some have already ruled out supporting an increase.

At a Council of Australian Governments meeting in Sydney in December, Victorian premier Daniel Andrews said the states and territories were nowhere near a consensus on tax reform.

The shadow treasurer, Chris Bowen, said Labor has already announced proposals for superannuation tax and negative gearing changes that Morrison “railed against”.

He said Labor could not consider offering its support for any tax reform proposal without first seeing the details.

“We’re prepared to put detailed plans out there to have them analysed, scrutinised and to debate them,” he said. “To have that discussion and make that decision we’d need to see the plan.”

The larger package that Morrison is reportedly considering would increase the GST to 15% to bring in an additional $32bn each year, and is favoured by Turnbull, News Corp reported.

But a smaller package would still include personal income tax cuts, limits on negative gearing and workplace deduction cuts without the GST increase.

Those cuts would be funded by increases in superannuation taxation and limits on workplace deductions and negative gearing concessions.

House of Representatives economic committee chairman Craig Laundy has been commissioned to conduct an inquiry into tax deductions that could reportedly lower tax revenue by up to $5bn.