In a speech to the Business Council of Australia/PwC Tax Reform Forum Thur 11.9.2014, Secretary to the Treasury, Dr Martin Parkinson, discussed some of the structural challenges of the economy and the scope for tax reform to address those issues. He said that unless the productivity growth is lifted, the economy risks a long period of sluggish income growth. The productivity challenge requires a wide-ranging and comprehensive response, of which tax reform was a key part, he said. In this regard, Dr Parkinson said the Tax White Paper is an ideal opportunity to have public debate about the best taxation system for enhancing productive capacity. In relation to “genuine tax form”, Dr Parkinson said it is as much about “how much” revenue is raised, as “how it is” raised.
[LTN 176, 11/9/14]