Do some people work ‘Monday, Tuesday, and half of Wednesday for yourself, and then Wednesday, Thursday, and Friday for the government’? No, they don’t.
Articles on australian tax system
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More than 1.2 million families rely on these payments, worth $20 billion – yet some unfairly miss out.
Addressing a Tax Institute event on Thursday, Henry said the Australian tax system “is not capable of raising sufficient revenue to fund the activities of government. Certainly not today. Far less at any time in the future.”
Tax advisers are more likely to act as “tax exploiters” for wealthy clients but “tax enforcers” for the rest of us.
Australian retirees can keep stashing away more superannuation, unused, for another year, even though the crisis prompting the concession has passed. The big winners? Rich retirees and their kids.
Scrapping cash refunds on dividends could make the tax system fairer. But super funds could invest less in Australian companies.
Top contributors
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Program Director, Housing and Economic Security, Grattan Institute
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Professiorial Fellow, The University of Melbourne
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Chief executive officer, Grattan Institute
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Senior Lecturer, UNSW
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Associate Professor, Accounting, UNSW
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Professorial Fellow, University of Canberra
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Emeritus Professor, School of Accounting, Auditing and Taxation, UNSW
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Professor and Founding Director of UNSW Tax and Business Advisory Clinic, UNSW
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Emeritus Professor of Finance, The University of Melbourne
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Professorial Fellow, The University of Melbourne
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Visiting Professor of Tax Law, New York University, and Professor of Law, The University of Melbourne
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Research Fellow, Faculty of Business and Economics, The University of Melbourne
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Adjunct Professor, Curtin Law School and Curtin Business School, Curtin University