Rising reliance on personal income tax signals need for bolder reforms
- Written by Phil Lewis, Professor of Economics, University of Canberra
The Parliamentary Budget Office (PBO) has just released a report on trends in Commonwealth taxation receipts. While supporting the expectations of a budget in balance by 2019-20, it exposes worrying trends in the balance of the burden of taxes in Australia. In particular, its analysis of trends in the composition of tax revenue identifies an...
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