KPMG has developed a submission for Treasury to consider as part of the Tax White Paper process. This document is intended to advance the debate on tax reform and avoid simply restating commonly agreed principles. It is far-reaching, and optimistic.
We have attempted to think deeply – at the roots – about the inefficiency of our current tax system and the various problems we face in our federation.
The recommendations in this document are a call for fundamental change — intended to be creative, yet measured.
Underlying are the concurrent themes of greater productivity and equity. While some of the proposed reforms are far-reaching — they go a long way to helping shape the Australia we want in 2030.
We offer more than 60 recommendations. These include: