Tax reform: a world of opportunity

  • Josh Dowse

29 September 2011The Henry Report spelt out a series of tax reforms that would increase environmental and social sustainability, writes Josh Dowse in Inside Story. It’s great ammunition for a debate that needs a fresh start

BACK in December 2009, Ken Henry presented the federal treasurer, Wayne Swan, with the final report of the Australia’s Future Tax System Review and the government buried it. The government formally released the report in May 2010, and promptly buried it again with its “deft” handling of the resource super profits tax. Henry made 137 recommendations; the federal government responded to three and a bit, and not at all well. Next week’s tax forum will look at a few more.

Reading the Henry Report is far more interesting than watching rampant self-interest fight the same tired pitched battles over tax in the guise of national debate. It would be nice if Australia’s future tax system looked a little more like Henry’s recommendations than the soul-destroying edifice it is now. And Henry is far from an impractical theorist: “In principle, the home production of alcohol would be subject to tax,” he observes. “In practice, this is unlikely to be feasible…”

Read the full article

Photo: Kyota Tanaka/ Flickr

Noticeboard

07 March 2012

In May 2011 the Federal Government announced that the Australian Charities and Not-for-profits Commission (ACNC) would commence operations from 1 July 2012 and that it would initially be responsible for determining the legal status of groups seeking charitable, public benevolent institution, and other not-for-profit (NFP) benefits on behalf of all Commonwealth agencies. 

07 February 2012
The Productivity Commission has been asked to report within 8 months on Default Superannuation Funds in Modern Awards. The inquiry covers the design of criteria for the selection and ongoing assessment of superannuation funds for nomination as default funds in modern awards.
20 December 2011

On 18 November 2011, Parliamentary Secretary for Immigration and Multicultural Affairs, Senator the Hon Kate Lundy, announced the establishment of an independent panel of eminent community leaders to conduct an inquiry into Australian Government services to ensure they are responsive to the needs of Australians from culturally and linguistically diverse backgrounds.