Eleven years ago, then Treasury secretary Ken Henry released the Henry Tax review. The review was intended to guide tax system reforms over the next 10 to 20 years, but its recommendations were ignored by successive governments.
Yesterday, Ken Henry criticised inaction from political leaders on tax reform, claiming the nation has been travelling in the opposite direction to what he recommended, leaving the country in a unsustainable fiscal position to meet future spending needs:
“Assessed against the benchmarks of our report, the Australian tax system is in a considerably worse place today. Indeed, the Australian tax system is in a parlous state,” Dr Henry said.
