Miscellaneous 2011

A process to implement a tax reform agenda

Source: Taxation In Australia Journal Article

Published Date: 1 Sep 2011

 

The following is an edited transcript of Rob Oakeshott, MP, at The Tax Institute's "Great Tax Debate", held in Sydney on 31 August 2011. Rob discusses the progress and achievements of the present parliament, policy debates about productivity, competition and jobs, and manufacturing, the dangers of protectionism, and unwarranted nervousness about China and India. He argues that the moral and economic challenge of our time is access and participation rates in education. Information and communication technology, natural resource
management and industrial relations are seen as other areas that are critical for Australia.

Much work needs to be done on Commonwealth–state–local government relations. On the Henry Review, Rob believes that the tax reform debate is best approached with the assumption that every recommendation is worthwhile and should be discussed seriously. It is essential to assess every recommendation, applying a national interest test only. Finally, small and micro business should be given a voice in tax reform debate.

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