Former Treasury secretary and architect of Labor's Henry Tax Review, Ken Henry has renewed his support for the Coalition's company tax cuts as a reliable driver of investment and wages growth but warned they fall well short of a comprehensive plan to secure future living standards.

In his most detailed comments on tax since the release of his review eight years ago, Ken Henry will also issue a rallying cry to corporate leaders to elevate the debate over welfare-boosting reforms to assure Australians business is not pursuing cynical self interest.