The urgent need for Tax Reform in Australia in the COVID-19 World
The economic shock and government response to COVID-19 highlight weaknesses in Australia's tax system. COVID-19 puts pressure on a system under strain from long-term structural forces and the tax-free and tax-reduced status of certain sources of income. Returning to a sound tructural budget position cannot be accomplished through passive action that relies on 'natural' revenue growth from current tax sources. Discussions should focus on comprehensive reform. Reducing reliance on income...[Show more]
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|Source:||Australian Journal of Labour Economics|
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