Three reasons why you should ‘chill out’ over Labor’s super tax
The super tax on unrealised gains is part of the long overdue and fundamentally necessary process of tax reform that many of us have been urging on successive governments.
Graeme SamuelBusiness professor and former regulator
At a recent Committee for Economic Development of Australia gathering to discuss the process for securing difficult economic and social reforms, I was reminded of the seminal process pursued by Rob Fitzgerald, then chairman of the Council of Social Services and myself, then president of the Australian Chamber of Commerce and Industry, to secure the major tax reform of the introduction of the GST.
The course of action we pursued was simple. We drew together 100 representatives from all sections of the community and, in a tax summit, reached agreement on this significant tax reform, which a small steering group pursued through to the next federal election.
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Graeme Samuel AC is a professor in the Monash Business School, Chair of Airlines for
Australia and New Zealand, and a former chairman of the Australian Competition and Consumer Commission.
