Surprise, surprise, The Oz reports
that Treasury has been costing models of tax reform. This is exactly what one
hopes would be requested by a Treasurer of a Treasury that is determined to
maximise Australia’s economic

“…both examples (of tax reform)
would make the personal tax system simpler and more transparent, with reduced
incentives for tax arbitrage and stronger rewards for workforce participation,”
Treasury said in the analysis.

We note that Henry’s readers have
voted overwhelmingly for a lower top marginal rate of tax (another surprise!) –
with 42 % preferring 30 %, 17 % opting for 35 %, almost 15 % choosing 40 % and
almost 6 % voting for the status quo. Obviously Henry’s readers are not all
maniacal tax rate cutters, as the comments in our much-read Forum on Tax reform

Read Henry Thornton’s tax forum

Peter Fray

Save up to 50% on a year of Crikey.

This extraordinary year is almost at an end. But we know that time waits for no one, and we won’t either. This is the time to get on board with Crikey.

For a limited time only, choose what you pay for a year of Crikey.

Save up to 50% or dig deeper so we can dig deeper.

See you in 2021.

Peter Fray
Editor-in-chief of Crikey

SAVE 50%