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Tax Review

Analysis and Comment (8)

Treasurer Joe Hockey admits the government’s ‘open for business’ promise must be followed up with action. Treasurer Joe Hockey admits the government’s ‘open for business’ promise must be followed up with action. Alan Porritt/AAP

Abbott’s ‘open for business’ honeymoon is over

From a three-and-a-half year high last month, business confidence data for October shows the post-election honeymoon is over, with business conditions continuing to underperform in non-mining sectors…
This year’s federal budget failed to provide any hint of meaningful tax reform for businesses and individuals. This year’s federal budget failed to provide any hint of meaningful tax reform for businesses and individuals. Image from www.shutterstock.com

A budget for citizens — but where is the tax reform vision?

Budget night has come and gone again. For those sad folks (I count myself among them) who follow tax and fiscal policy obsessively, it’s the most glamorous night of the year. But the budget does matter…
There are economy-wide gains to be made from lowering the corporate tax rate, but businesses will need to make concessions of their own. There are economy-wide gains to be made from lowering the corporate tax rate, but businesses will need to make concessions of their own. Image from www.shutterstock.com

Subsidies are standing in the way of corporate tax reform

Yesterday, the government’s business tax working group released its discussion paper on possibilities for tax reform. The paper makes a case for a broader base and lower tax rate (the corporate tax is…
Julia Gillard’s revenue neutral tax reform package will be a tough sell. Julia Gillard’s revenue neutral tax reform package will be a tough sell. AAP

Achieving revenue neutrality in the corporate tax rate will be a tricky business for Gillard

In summing up a business summit in Brisbane on 13 June, the Prime Minister floated her intention to lower the company tax rate - but as part of a business tax revenue neutral package. This intention raises…
Scripted beforehand: Tax Forum discussion about a lower corporate tax rate followed predictable lines. Scripted beforehand: Tax Forum discussion about a lower corporate tax rate followed predictable lines. AAP

Reduce the corporate tax rate? Not so fast

As former Treasury Secretary Ken Henry observed, much of the national conversation that took place at the first session on business taxation at the National Tax Forum could have been scripted beforehand…
Is it time to reform the GST? Is it time to reform the GST? AAP

Tax forum: GST needs changing, so let’s debate it

While changes to the GST are not an explicit item on the Tax Forum agenda, they should be and the issue will arise anyway. A broad and comprehensive GST tax base along the lines of the New Zealand model…
Record terms of trade have masked dropping productivity growth - until now. Record terms of trade have masked dropping productivity growth - until now. AAP

Australia’s productivity: what can be done?

What is to be done about Australia’s deteriorating productivity performance? It’s by no means inconceivable that the answer to this question could be “nothing”. Historical precedent strongly suggests Australians…
Without the truly important issues on the agenda, October’s tax forum will achieve little. Without the truly important issues on the agenda, October’s tax forum will achieve little. AAP

Swan’s tax forum is a chance for reform – we just need to ask the right questions

Debates around tax are too often seen as marginal to real life and not very interesting. October’s tax forum offers an opportunity to challenge this misconception and do some hard thinking about what society…