Background Since the mid-1980s, Australian tax reforms have been aimed mainly at increasing tax neutrality through base broadening and rate reductions. In addition, improved operational efficiency and system integrity were sought through improve ments in tax legislation, administration and compliance.

General observations The case for reform of the taxation and social security systems, together with reform blueprints, were provided in the Henry Review released in May 2010. To the Henry Review reform proposals should be added a more comprehensive and higher rate GST, and the option of no-bars reform of the taxation of superannuation, both...

Executive summary A reliable and affordable supply of energy is a fundamental component to a vibrant economy. As a major source of commodities, including significant known reserves of low carbon emission energy sources, Australia is well positioned to supply the world’s future energy needs. In order for that to occur, Australia needs to examine all...

Introduction

Macro outcomes A simple projection of current trends is that in ten years Australia’s population will reach 26.3 million, GDP in nominal dollars will be just short of $2.5 trillion (and in today’s dollars a round $1.8 trillion), and GDP per head in today’s dollars will be $68,400 compared to $59,000 now. There will be...