Business and community groups push for tax reform

Business and community groups push for tax reformBusiness groups, including the Property Council, have joined forces with the social services sector to push the federal government not to duck substantial tax reform.As part of this push, members of the Business Coalition for Tax Reform (BCTR) will meet with the Australian Council of Social Service (ACOSS) on December 15 to begin a dialogue ahead of the government’s tax review next year.The forum will provide an opportunity to address critical issues in the tax system, such as Australia’s budget challenge, sustainable growth, affordable housing, fairness, equity and simplicity. Stakeholders at the meeting will include representatives from the mining, property, financial services and retail industries as well as the community, charity and not-for-profit sector.”If we are to effect meaningful tax reform in Australia and encourage inclusive growth that benefits both business and the community, we need to present a case for change,” said Tom Pockett, Chairman of the BCTR.”Change will only be achieved when we have open dialogue between all the stakeholders about what this reform should look like and what its impacts may be.”While we may not be able to agree on all elements of reform, it is clear that tax reform is needed to address the key challenges facing Australia’s competitiveness, barriers to participation, employment creation and investment; complexity and reliance on inefficient taxes.”A more efficient tax system that supports economic growth, employment creation, investment and productivity will help strengthen the tax base for the future.”To ensure we get a wide range of views on this key issue, the forum will include representatives from key business and industry bodies, a range of civil society and community organisations, and independent academic and policy experts.”Successful tax reform requires partnership between governments, community and business. We see BCTR and ACOSS working together as a critical step towards future reform.””The current tax system is not delivering the revenue we need to provide the services and supports we will all need into the future. Reform is necessary to ensure access to ensure equitable access to housing, education, secure jobs and income support,” said Dr Cassandra Goldie, CEO of ACOSS.