IMF shows Australia how to tax for growth

Monday 22 September 2014

The International Monetary Fund (IMF) provided a useful blueprint for tax reform to the G20 finance ministers and central bankers meeting in Cairns, which hopefully should assist the Abbott Government in framing its upcoming tax reform white paper.

Central to the IMF’s reform blueprint is shifting tax bases away from less efficient sources, such as personal income and company taxes, to more efficient sources, such as consumption, resources and land/property:

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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.