Direction of future tax reform

Tax reform sign

Tax Reform Ahead

To be fiscally responsible, a government needs to have enough resources to service its debt obligations. One of the main sources a government uses to service its debts is tax revenue. A recent report by the Parliamentary Budget Office examined broad trends within the tax system and identified a number of risks to the sustainability of tax revenue in the coming decade. These risks will presumably be targeted by the current or future governments to ensure Australia remains fiscally sustainable.

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