We need to talk about tax
Few people like talking about tax. Even fewer like paying it. But taxes are what we pay for civilised society – although we haven’t been paying as much tax as Australian governments have been spending. And how we pay tax makes a big difference to our prosperity.
This year, tax has been constantly in the news: the Commonwealth crafting a White Paper on tax; groups lining up to criticise superannuation and negative gearing tax breaks; State governments urging GST changes to fund increasing health costs; and Grattan Institute suggesting changes to property taxes and stamp duties. PwC has made substantial contributions explaining the need for tax reform, the principles for better taxation, and laying out the options.
Tax might sound technical, but it affects everyone’s hip pocket directly, and how our society works. This State of Affairs event discussed the key questions in Australian tax reform, and show how they raise fundamental issues about what sort of society we want to be.