Keeping a Permanent Watch on Australia’s Tax System

30 March 2006

The Business Council has called for Australia’s tax system to be put under ‘permanent watch’ to make sure it remains internationally competitive.

In a paper on tax reform released today, the BCA said it continued to be concerned with the absence of a strategic reform agenda for tax, given the importance of a competitive tax system to Australia’s ongoing prosperity.

It called for the current review of Australia’s tax system not to be a one-off, and avoid focusing exclusively on whether current tax rates are competitive today, but how these rates match up with current global trends.

“Given the fast-moving nature of global tax reform, a competitive tax rate now may become uncompetitive within a short space of time,” BCA President, Mr Michael Chaney said.

“That’s why tax reform must be a permanent item on the reform agenda.”

Read the news release or download the paper via the links below.

Keeping a Permanent Watch on Australia's Tax System (paper)

Australia's Tax System Must Be Put under 'Permanent Watch' (news release)