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
performance.

“…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
shows.

Read Henry Thornton’s tax forum
here.

Peter Fray

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