Former treasury secretary Ken Henry has declared the Australian taxation system is in “a parlous state” and called for “big bang” tax reform.
Henry, who headed a major inquiry into the tax system launched by the Rudd government, says recent discussions of superannuation concessions, multinational tax avoidance, and the Stage 3 tax cuts, while important, “don’t scratch the surface” of the conversation that’s needed.
No doubt knowing Treasurer Jim Chalmers, a staffer to then treasurer Wayne Swan during the inquiry, would never contemplate another one, Henry says a fresh review isn’t needed and instead advocates “a process” for reform.
