The government’s crackdown passes the pub test. But the revenue lost through the most egregious tax avoidance schemes is dwarfed by the amounts whisked away through perfectly legal means.
That the government has announced it is cracking down on egregious use of tax minimisation schemes is acknowledgement of a major fault with Australia’s tax system: it is unfair.
Its response, though, confuses the symptoms with the disease.
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Robert Breunig is director of the Tax and Transfer Policy Institute at the Australian National University.
