Reith urges attack on grey gouge

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ScreenHunter_4052 Sep. 08 07.32

By Leith van Onselen

Former Howard Government minister, Peter Reith, over the weekend urged parliament to act decisively and early to wind-back generous tax concessions and benefits afforded to wealthier Australians, and not wait until the Budget and economy are in crisis. From The AFR:

Mr Reith told The Australian ­Financial Review there was an urgent need to make the country’s tax system more competitive and wind back ­generous pension and superannuation perks that featherbed wealthier ­Australians…

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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.