Ken Henry has a dire warning on this forgotten issue
Ken Henry’s environmental warnings are arguably more dire, more imminent, more urgent, more troublesome and a great deal less hypothetical than the need to address a gradually shifting tax base.
When former Treasury secretary Ken Henry appeared on the ABC’s Radio National last week, he sparked a fresh discussion, albeit shortlived, about tax reform.
Asked on Friday last week for his thoughts on the Intergenerational Report released the day before by Treasurer Jim Chalmers, Henry used the term “intergenerational tragedy” to describe the forecast scenario in which income tax would constitute an increasing share of the tax take over time.
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Phillip Coorey is the political editor based in Canberra. He is a two-time winner of the Paul Lyneham award for press gallery excellence. Connect with Phillip on Facebook and Twitter. Email Phillip at pcoorey@afr.com
