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Innes Willox

‘Tycoon tax’ adds to Byzantine absurdity

The Greens’ flawed and populist proposal has at least done a service by drawing attention to the need for serious debate about simplifying Australia’s taxation regime.

By launching a fundamentally flawed and ill-informed tax policy that seeks only to soak the rich, the Greens deserve at least some credit for drawing attention to Australia’s Byzantine and outdated public finances and tax system.

Beyond that, however, as a contribution to the mature and well-informed urgent policy debate we need, it is clearly limited.

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Innes Willox is chief executive of the Australian Industry Group.

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    Original URL: https://www.afr.com/wealth/tax/tycoon-tax-adds-to-byzantine-absurdity-20210906-p58p2z