Both sides of politics should declare for tax reform
Scott Morrison and Anthony Albanese must explain why they are putting political expediency before the national interest and the pro-growth solutions for Australia’s tax system problems.
In the national interest, The Australian Financial Review is challenging both Labor and the Coalition to go to the May federal election with a commitment to commission an independent review of Australia’s broken taxation system in their first year in office, and commit to incentive-sharpening structural tax reform by the end the next three-year parliamentary term.
Amid the focus in Canberra on blackening the Prime Minister’s character and debating intractable social issues, the major economic challenge Australia faces is to turbo-charge growth to pay down the pandemic debt faster and boost stalled productivity and real wages.
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The Australian Financial Review’s succinct take on the principles at stake in major domestic and global stories – and what policy makers should do about them.
