Australia's outdated punitive taxation of productive work and investment is not up to the job of turbo-charging the economic engines out of the post-coronavirus depression.
Australia needs a national coronavirus taxation summit to set out a road map of reform for the tax system.
A summit that can clearly and publicly enunciate the costs of not reforming the tax system. A summit to set the ground rules for at least a generation to come on income, savings, consumption and land taxes. A summit that can mark out a realistic path for implementation.
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Robert Breunig is director of the Tax and Transfer Policy Institute at the Australian National University.
