In June the Property Council published analysis which found stamp duty costs are spiralling out of control.
Last week we released the results of a new opinion poll revealing the community’s willingness to retire this highly distorting tax by increasing the fairest of our current taxes – the GST.
This week the Property Council makes public the economic case for tax reform.
New economic modelling finds Australia can be up to $10 billion better off each year – and still raise more revenue for governments – simply by changing our tax mix.
Australia’s political leaders meet in Sydney today to discuss how we fund the nation’s future.
Tax reform should be seen as an opportunity to grow the economy. This new research shows we can both grow the economy and raise more revenue if we rely on a better mix of taxes than what we do today.
It’s a logical ambition that should have a place on today’s leaders retreat agenda.