Australian Industry Group chief executive Innes Willox’s welcome call on behalf of business for reform of Australia’s taxation system states what is bleedingly obvious about what is required to help restore the nation’s flatlining productivity.

As Mr Willox says, Australia’s, by international standards, high 30 per cent company tax rate, high personal income tax rates, and relatively low 10 per cent GST on consumption, mean the country risks becoming increasingly uncompetitive and unproductive.