Tax system must adapt, says PM



AUSTRALIA’S tax system will have to change and adapt to the “Asian Century” for more people to prosper, Julia Gillard says.


The Prime Minister opened the government’s tax forum in Canberra by ruling out an increased tax burden on the “poorest in our community” and said participants should focus on ideas that take into account global economic conditions.

“People will need to adapt in order to prosper,” Ms Gillard said.

“I want our tax system to facilitate that change.

“I want to have a tax system that positions us to take full advantage of the opportunity that growth in our region presents.”

Ms Gillard said that people had a greater understanding of the world economy after the global financial crisis and that the “overhang” of the crisis continued to shape Australia’s actions.

Start of sidebar. Skip to end of sidebar.



Australian Dollar




Wayne Swan


building






End of sidebar. Return to start of sidebar.

“As a result of all of these factors we do continue to see an economy in which people lack confidence and are concerned about the future,” she said.

“It’s important that people have a deep understanding of the trends in the global economy but that we aren’t spooked.

“Understanding but not frightened.”

The PM urged almost 200 business, industry, government and community group leaders at the forum to bear in mind these factors when discussing tax reform.

“During the two days of this tax forum we are clearly turning our minds to make sure the tax system doesn’t inhibit the changes we need to make,” she said.

Treasurer Wayne Swan said he wanted people to focus on ideas that were funded.

“I have said repeatedly that you can raise whatever ideas you like, but I have also made it clear that we won’t shift the burden from business on to punters,” he said.

You can skip to the end and leave a response. Pinging is currently not allowed.

Leave a Reply

Powered by WordPress | Designed by: Premium WordPress Themes | Thanks to Themes Gallery, Bromoney and Wordpress Themes