So what’s your proposal then? Or you just gonna complain about any suggestions?
I look at the Hewson tax changes as the only genuine attempt at tax reform & it was comprehensive even if easy to attack on the detail.
I supported the thrust of the ALP initiative on dividend imputation that failed because it was poorly drafted & easily marginalised politically as 'tax the rich'. Naive at best, & indicative of how well thought through tax reform MUST be. I was disappointed that it was dumped, not simply professionally redrafted by tax professionals, not the political ideologues responsible for the failure of the original policy. Yes I know, political reality is dump it.
Another example is the use of trusts as tax minimisation tool - fiddling around the edges of the legislation is not a recipe for success.
Kerry Packers words should be a informative for the next serious attempt to address tax reform REAL tax reform:
Media magnate defended paying as little tax as possible at a 1991 Senate Inquiry
'I am not evading tax in any way shape or form,' said the publishing tycoon as he famously bristled at the questioning.
'Now, of course, I am minimising my tax.
'And if anybody in this country doesn't minimise their tax, they want they their head read.
'Because, as a government, I can tell you, you're not spending it that well that we should be donating extra.'





