Advocates of tax reform must improve their communication skills to explain the economic and social problems caused by the outdated tax system and the need for change to everyday people.
Henry, a tax reform veteran, said advocates must be more effective at explaining the economic and social problems caused by the antiquated tax system and better sell the desperate need for change to everyday people .Tax boffins need to talk less in public about “horizontal equity”, “vertical fiscal imbalance” and economic “efficiency”.
This was a golden period that helped set up Australia for prosperity by cutting tax on personal income and corporate profits, introducing capital gains tax, fringe benefits tax, dividend imputation and the goods and services tax, eliminating wholesale sales tax and state nuisance taxes, removing rorts, and a great deal more.Wayne Swan’s mining and carbon taxes didn’t last. Joe Hockey had a crack with a white paper but didn’t get far.
Reform lifts productivity and grows the economic pie for everyone to share in, not just redistributes the pie. Morrison often cited the consumer data right under “open banking” as the sort of modern “reform” he was doing instead of tax.
Tax Reform Communication Economic Problems Social Problems Outdated Tax System Change Everyday People
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