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Tax Institute says Henry Report release must "stand alone"

Publication date: 15 Mar 10 | Source: THE TAX INSTITUTE

The country's leading professional association in tax, the Taxation Institute of Australia, is urging Treasurer Wayne Swan to release the Henry Report separately to the Federal Budget.

The Institute welcomes the Treasurer's confirmation that the Henry review and a government response will be released by the time of the Budget, but is concerned that in a weekend interview the Treasurer failed to rule out this coinciding with the Budget itself.

“The Henry Report stands to be the most important milestone in recent tax reform history and how the Government deals with its recommendations will have an impact on the lives of every Australian," Tax Institute president David Williams said.

"The Taxation Institute calls on the Government to release the Henry review and a government response separately to the Budget, to properly enable a thoughtful and mature public discussion about tax reform.

"Releasing on Budget night what is the next step in a once-in-a-generation opportunity for tax reform, would not give it the recognition it deserves."

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About the Taxation Institute of Australia: The Taxation Institute is Australia's largest and most diverse body of tax professionals working together to improve the tax system and the delivery of tax services through education, sharing of information and consultation.

Media Contacts:
Robert Jeremenko, Senior Tax Counsel - Taxation Institute of Australia on 0468 987 300
Craig Regan - Lighthouse Communications (0408) 448 527