OECD issues Australia tax reform challenge

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By Leith van Onselen

The OECD has released its biennial report on Australia, which recommends a program of comprehensive tax reform at the federal and state level, along with better targeting Australia’s gigantic superannuation concessions.

Regarding the federal taxation system, the OECD notes that Australia is too heavily reliant on inefficient personal income and corporate taxes, and recommends a shift in the tax mix towards more efficient consumption taxes:

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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.