The Business Council of Australia (BCA) Thur 11.9.2014, released its paper Future of Tax: Australia’s Current Tax System. It is the first in a series of papers that the BCA will release in the lead-up to the Commonwealth Government’s tax white paper reform process.
The BCA says its paper presents a platform for discussion and for building a shared understanding of why tax reform matters, the problems the BCA is seeking to address, and agreement on broad directions and processes on how Australia might embark on comprehensive tax reform.
The BCA paper outlines: why tax reform matters for Australia’s future prosperity; the characteristics of the current tax system, as a starting point for tax reform; some future directions for reform, based on this starting point and some fundamental matters for the upcoming tax white paper process.
[LTN 176, 11/9/14]