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Ken Henry

Tax reform fail threatening the social compact of a nation

A new tax review will have to look at what this generation can do for the Australians of the future.

There have been only two successful tax reforms in Australia.

The first emerged out of the June 1985 Tax Summit. It rolled across the income tax landscape for all the second half of the 1980s, delivering fringe benefits tax, substantiation of work-related expenses, capital gains tax, denial of entertainment as a tax deduction, taxation of superannuation, taxation of foreign source income, dividend imputation, and a great deal more.

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Ken Henry is a former Treasury secretary.

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    Original URL: https://www.afr.com/policy/tax-and-super/tax-reform-fail-threatening-the-social-compact-of-a-nation-20240404-p5fhd1