Book review: From free to fair markets: liberalism after COVID-19
Source: Australian Tax Forum Journal Article
Published Date: 1 Dec 2022
A new work by Richard Holden and Rosalind Dixon engages with the impact on tax policy of the COVID-19 pandemic. The responses by government included unprecedented intervention in the economy to support wages. The authors advocate a range of measures to deal with the disruption created by the pandemic, including a universal jobs guarantee, increases to the minimum wage, universal healthcare, a public baseline for child care and basic leave benefifits, extended infrastructure spending and environmental taxes. To fund these measures, a range of tax reform proposals are discussed, including a progressive GST that reduces GST for low-income earners, removing CGT concessions and a preference for taxing capital rather than income. The authors raise important questions as to the adequacy of the tax policy settings developed during the last few decades, in a rapidly changing world that places increasing demands on government to fund range of current and new programs.
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- Published By: Amrit Macintyre CTA
- Published On:1 Dec 2022
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