Grant Wardell-Johnson encourages stakeholders to help shape future tax policy by participating in the OECD's survey on tax certainty.
In Origins of Political Order, Francis Fukuyama attributes the growth experienced by the world since the Industrial Revolution to three factors. They are the rule of law, strong governments and the accountability of political leaders. Others have added trust created by the financial system to this list.
At the heart of the rule of law is certainty. This is critical for investment. In July this year in Chengdu, a G20 High-Level Tax Symposium was convened by Germany and the Chinese G20 Presidency, ahead of the official G20 meeting. This was supported by the Organisation for Economic Co-operation and Development (OECD). The symposium was devoted to tax policy, with a focus on the role of tax certainty for growth, trade and investment. The second session of the meeting was devoted to tax certainty. Tax certainty is one of the key issues for Germany’s presidency next year.
In light of this focus, the G20 has mandated the OECD to conduct a survey on tax certainty. This is designed to better inform the G20’s discussion of this issue in 2017.
The survey is designed for those involved in the decision-making process of investment from a tax perspective. It will take about 20-30 minutes to complete. All of the responses are anonymised, and will be aggregated. The OECD is particularly keen on ensuring that they receive adequate responses from the Australian business community.
This is your chance to contribute to this important discussion. The survey is available on the OECD website. I urge you to consider seizing this opportunity to share your experience and help shape future policy.