Addressing a Tax Institute event on Thursday, Henry said the Australian tax system “is not capable of raising sufficient revenue to fund the activities of government. Certainly not today. Far less at any time in the future.”
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Tax advisers are more likely to act as “tax exploiters” for wealthy clients but “tax enforcers” for the rest of us.
Australian retirees can keep stashing away more superannuation, unused, for another year, even though the crisis prompting the concession has passed. The big winners? Rich retirees and their kids.
Scrapping cash refunds on dividends could make the tax system fairer. But super funds could invest less in Australian companies.
Top contributors
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Program Director, Economic Policy, Grattan Institute
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Professiorial Fellow, The University of Melbourne
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Chief executive officer, Grattan Institute
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Senior Lecturer, UNSW Sydney
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Associate Professor, Accounting, UNSW Sydney
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Professorial Fellow, University of Canberra
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Professor, School of Taxation ＆ Business Law, UNSW Sydney
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Ann Kayis-Kumar is a Friend of The Conversation.
Founding Director of UNSW Tax and Business Advisory Clinic, UNSW Sydney
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Emeritus Professor of Finance, The University of Melbourne
