Dr John Hewson is a former leader of the Liberal Party and Chair in the Crawford School Tax and Transfer Policy Institute.
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Assistant Treasurer Josh Frydenberg has discussed the future of the Goods and Services Tax (GST) at a forum of tax and policy experts at Crawford School.
Chair of the ANU Tax and Transfer Policy Institute Professor John Hewson, and Institute Director Professor Miranda Stewart, chaired panel discussions on the future for the GST and good design for the real world.
Mr Frydenberg said issues about the GST went to the heart of the governments’ broader discussions about tax reform.
“In a year in which the government is considering how the tax system as a whole can be reformed, reforming the GST was always going to be a significant part of the national conversation. As it should,” he said.
“Broad-based consumption taxes are relatively efficient. This means that they have lower negative impacts on economic growth and living standards than other less efficient taxes.”
Mr Frydenberg said the government was committed to a tax system that supports the modern economy and encourages innovation and endeavour.
“I’d like to thank the Tax and Transfer Policy Institute for providing an opportunity for us all to get together and focus on the need for reform of our tax system,” he said.
“As I have said today, the Government is keenly focused on taxation reform and the conversation started with the Re:think discussion paper.
“The Government’s options paper is expected to be released later this year with the White Paper, containing the Government’s taxation reform agenda, to be released for consideration by the Australian people before the next election.
“I continue to encourage you to participate in the consultation process as we move to the next phase.
“Reform is achieved when big ideas become reality and I look forward to your big ideas on the role GST should play in national tax reform.”
Read Assistant Treasurer Josh Frydenberg’s speech here: https://crawford.anu.edu.au/news-events/news/6395/efficient-and-resilien...