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‘It’s not unexpected that tax has taken a backseat in this Federal Budget and the tax measures that were announced are light on detail – as they traditionally are. However, the near future provides the platform for mature discussions on tax reform. The Treasurer acknowledged that ‘there are genuine structural challenges facing us into the future’. Economic progress won’t be sustainable without substantial tax reform.'
- Scott Treatt, CTA
General Manager, Tax Policy and Advocacy
The Federal Budget is fundamental for establishing the current and future economic direction of Australia and its wider community. Its importance cannot be understated.
We urge the Government to lead discussion and act on our recommendations with the longer-term objective to achieve efficiency, simplicity and equity in our tax, transfer and superannuation systems.