The Tax Institute welcomes the opportunity to make a submission to Treasury in respect of the Employment White Paper Terms of Reference (Terms of Reference) and the Jobs and Skills Issues Paper dated 17 August 2022 (the Issues Paper).
In the development of this submission, we have closely consulted with our National Technical Committees to prepare a considered response that represents the views of the broader membership of The Tax Institute.
It is pleasing that the Government has provided the opportunity for members of the community to contribute towards addressing Australia’s economic challenges. The Tax Institute strongly supports a consultative model to ensure that the knowledge and experience of key stakeholders is understood and incorporated into Australia’s labour market policies.
Our comments are mainly focused on how taxation and superannuation reforms can support and drive full employment, productivity growth, and wage equality. Our recommendations include measures to clarify certain employment obligations, addressing uncertainties and complications that create barriers to employment. Simplifying employment taxation obligations reduces the resources needed for compliance, allowing employers and employees to allocate their limited resources to more productive activities.