Australia’s taxes are “inadequate” to finance government responsibilities including for aged care and defence, a former head of the finance department has warned.
Michael Keating, the secretary of the Department of Finance from 1986 to 1991, will call for a review of revenue at the progressive thinktank the Australia Institute’s revenue summit on Friday. The call is aimed at sparking debate about methods to close the tax gap including congestion charging, lifting and broadening the goods and services tax and adjusting the stage-three income tax cuts.
