This Review (also known as the Henry Tax Review) considers how Australia can best structure its tax and transfer system to meet the challenges of the 21st century and to enhance its economic and social outcomes.

The Review identified a wide range of reform opportunities that can deliver this
vision. The main directions and proposals are presented in nine broad themes. 

1. Concentrating revenue raising on four efficient tax bases.
2. Configuring taxes and transfers to support productivity, participation and growth.
3. An equitable, transparent and simplified personal income tax.
4. A fair, adequate, and work supportive transfer system.
5. Integrating consumption tax compliance with business systems.
6. Efficient land and resource taxation.
7. Completing retirement income reform and securing aged care.
8. Toward more affordable housing.
9. A more open, understandable and responsive tax system.

A full listing of recommendations appears at the end Part 1 and their supporting analysis is provided in Part Two.  

The Review Panel comprised of:

• Dr Ken Henry AC, Chair (Secretary to the Treasury)
• Dr Jeff Harmer (Secretary of FaHCSIA)
• Professor John Piggott (University of New South Wales)
• Mrs Heather Ridout (Australian Industry Group), and
• Mr Greg Smith (Adjunct Professor, Australian Catholic University)