Prime Minister’s Mature Tax Debate Plea Welcomed

28 October 2014: The Federal Government should be applauded for sparking a national conversation about the need for nationwide tax reform, the Tax Institute said today. 

"We strongly support the Prime Minister’s call for a mature debate on the future of Australia’s tax system,” said Tax Institute President, Michael Flynn.

“On a daily basis, tax professionals interact with a complex and unwieldy tax system that is under increasing pressure to raise sufficient revenue to meet spending commitments.

“True reform can only be achieved by a national conversation on the role of all taxes in our system, including the GST.

“Australia deserves a mature tax reform debate focussing on the country’s tax mix at both the state and federal levels that is ideally free of cheap, political scaremongering.”

ENDS

Contact: 

Robert Jeremenko, Senior Tax Counsel, The Tax Institute: 0468 987 300

The Tax Institute is the country’s leading educator and professional association in tax. Its 15,000 members include tax agents, accountants and lawyers as well as tax practitioners in corporations, government and academia. The Tax Institute supports the tax profession through education and professional development and works to continually improve tax law and its administration.