Tax white paper calls for urgent upheaval
The economy’s reliance on income and company taxes has barely shifted since the tax system was conceived after World War II, highlighting an urgent need for reform, the federal government’s tax white paper says.
The economy’s reliance on income and company taxes has barely shifted since the tax system was conceived after World War II, highlighting an urgent need for reform, the federal government’s tax white paper says.
The report, which was supposed to be launched this month but has now been postponed until the new year, will pave the way for a complete upheaval of the tax system, including increasing the rate and broadening the base of the GST, and increasing taxes on superannuation.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Tax & super
Fetching latest articles