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We must go hard on tax reform to boost jobs

Australia's successful fight against the global pandemic is world-beating. The next challenge is making world-beating changes to an inefficient taxation system.

Chris Richardson and Stephen Smith

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Australia has had a world-beating defence against the coronavirus. In fact our success has been so stunning that JobKeeper may end up costing comfortably less than its announced $130 billion price tag.

Yet even Australia’s successes will come with a bitter aftertaste. Unemployment goes up much faster than it comes down.

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Chris Richardson is an independent economist.
Stephen Smith is a partner at Deloitte Access Economics.

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    Original URL: https://www.afr.com/policy/economy/we-must-go-hard-on-tax-reform-to-boost-jobs-20200427-p54ngv