On 15 October 2009, Dr Ken Henry, Chair of Australia's Future Tax System Review Panel and Secretary to the Treasury, gave an address entitled "Lessons from Tax Reform Past", to the Committee for Economic Development of Australia (CEDA).
Dr Henry offered 5 lessons and a conclusion.
The 5 lessons are as follows:
- The first of my lessons is that the case we put for tax reform should be compelling.
- The second lesson is not to frighten people by portraying tax reform as the equivalent of a short sharp jab.
- My third lesson is that we mustn't forget the importance of simplifying the tax system.
- My fourth lesson is that equity is a powerful and under-utilised argument for tax reform.
- My fifth, and last, lesson is that we need tax and transfer reform because we need to give our governments the right tools to cope with the big changes going on in the world.
Dr Henry's conclusion is that successful tax reform means improving the wellbeing of the Australian people.
For a copy of the address, go here