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Tony Abbott’s tax policy dodges much needed reforms

The Taxation Institute of Australia has come out swinging at Tony Abbott and it’s tax policy plans if it wins government in the federal election on August 21st.

Tony AbbottTaxation Institute of Australia Senior Tax Counsel Robert Jeremenko said the Coalition’s promise of a green paper followed by a white paper in pursuit of a second-term mandate for a comprehensive tax reform agenda dodges the need for much needed reforms.

“Encouraging a full and frank Australia-wide debate on the future of our tax system is good, but it amounts to a plan to have a plan,” Mr Jeremenko said.

“Both major parties are shying away from the business of reform. Today the Coalition has ruled out some 40 recommendations of the Henry Tax Review, which is on par with Labor’s rule-out rate.

“Neither side of politics has enough commitment for the challenge of tax reform to risk ruling anything in.”

Mr Jeremenko said both parties have spoken around tax reform with neither having promised anything substantial.

“The Coalition’s promise to send 10 million thank-you notes and receipts to taxpayers to show how their tax has been spent, is another example of the lamentable level of tax reform debate in this election campaign,” Mr Jeremenko said.

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David Olsen

David Olsen

An undercover economist and a not so undercover geek. Politics, business and psychology nerd and anti-bandwagon jumper. Can be found on Twitter: <a href="http://www.twitter.com/DDsD">David Olsen - DDsD</a>

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