How Australia can get on with the job of tax reform
At both the Commonwealth and state levels, there is much unfinished business and new challenges. A real estate agent would describe our tax systems as ‘a renovator’s delight’.
The tax systems we have in Australia now are the product of two centuries of tax policy debate and change. That time has been characterised by regular tinkering – some good, some bad – and punctuated by major reform exercises.
But Australia’s experience with those tax reform exercises has been mixed. While various tax reviews at both the Commonwealth and state levels have identified key problems in Australia’s tax systems and broad themes for reform, achieving substantial reform has proven difficult.
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correction —
The photo caption has been corrected to reflect that Bernie Fraser was the Treasury secretary in 1985 not the Reserve Bank governor.
