This booklet, Action Plan for Enduring Prosperity: Tax, Fiscal Policy and the Federation, is a chapter of the full report of the Business Council of Australia’s Action Plan for Enduring Prosperity.
The action plan identifies 93 recommendations across nine policy areas that can deliver prosperity through well-managed growth. This booklet is focused on tax, fiscal policy and the federation.
Australia’s fiscal policy settings need to be strengthened to place them on a more sustainable footing for the long run. Our tax system has to be reformed to keep pace with the changing global economy and to keep us competitive.
We need the federation to function more smoothly with less argument between the national and state and territory governments and better financial relations between the different levels of government.
The booklet also contains a suggested approach to the phasing of the policy recommendations and an assessment of their ease of implementation versus their overall importance.