With the Federal Budget now bought forward to enable a May Federal election, tax is back on the agenda. This article published by The Age provides a fascinating history and summary of current thinking on Australian tax. Read the full article here or extract below.
Extract: There is no shortage of radical new ideas for reshaping Australia’s tax system for the 21st century.
“Some of the easiest things that could be done have been done already,” says Richardson. “Tax reform now is a game of increments. But there are still a bunch of things that the economists would beg you to do but the politicians would run screaming from.”