Weekend Edition: Stage 3 tax cuts, not exactly tax reform
Friday 1st March 2024Please note this communication is not a research report and has not been prepared by NAB Research analysts. Read the full disclaimer here.This week Kate Griffiths from the Grattan Institute warns that the recent budget surplus is hiding the fact that the long-term balance between Australia’s tax intake and the expectations for government spending don’t stack up. As the population ages and the ratio of those in work reduces, the tax base will narrow whilst demand for aged services will expand. Kate argues the case for a roader tax system, less reliant on income tax as the…
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