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…