Everyone is talking about the what of tax reform. The government needs to start dealing with the how and when as well

MALCOLM Turnbull is saying all the right things about tax reform. He tells us it will be a top priority for his government. That all options are on the table. That if we get it right, we can lift our rate of economic growth and improve our wellbeing.

There’s so much to be fixed. We raise too little revenue to pay for our spending – the Abbott government has ran up an operating deficit of $38 billion – and the Intergenerational Report warns of endless deficits ahead as the population ages. Our tax system is unfair, unnecessarily complex, and riddled with inconsistencies and loopholes vulnerable to those with smart accountants…

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