The independent member of parliament for the federal seat of Wentworth, Allegra Spender, has recently released a policy paper, calling for significant tax reform in the next parliament.

The Tax Green Paper argues Australia should have six priorities for tax reform:

  1. Lower income taxes on working Australians;
  2. Rebalance tax settings in favour of home ownership rather than investing in existing dwellings;
  3. Incentivise innovation and business investment to increase productivity and economic growth;
  4. Rebalance tax settings so that the revenue base remains stable with changes to demographics and consumption patterns;
  5. Adjust tax settings to support Australia’s energy transition, rather than work against it; and
  6. Implement institutional reform, including a Tax Reform Commission.

The paper can be accessed here.

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