This week,theAustralian Industry Group again urged the major parties to engage in tax reform,saying the economy needed changes to enable it to grow faster and provide the necessary revenues to repair the federal budget.
It canvassed overhauling the nation’s tax arrangements,increasing the accountability of all governments for the taxes they imposed and the services they delivered to voters,giving control of particular areas to the level of government based placed to administer it.
Among its proposals were ending taxes on insurance products,replacing mining royalties with resource rent taxes and using direct road user charges rather than fuel excise.
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Dr Chalmers said he was open to leading a national discussion with the states and territories about improving their tax systems.
“We’ll have a conversation with the states to see if they can come to some kind of agreement on tax reform,” he told Melbourne radio 3AW.
“They’re up for a conversation,some of them are talking about swapping out stamp duty for land taxes and the like. We’re prepared to lead a conversation on those sorts of things.”