A simple chart that shows the global economic picture
While the economic impact of COVID-19 varies across the globe – depending on factors from economies’ efforts to contain it, level of development and types of industry, to the stimulus packages available – it’s useful to understand the global economic picture before the pandemic
Before COVID-19, the global economy stood at $88 trillion.
When change is required, the government of a democracy
should seek the ‘common good’ solution - one that appeals to the majority and
is least problematic to others.
Reform in Australia is inherently challenging as the ‘politics’
at both state and federal level can de-rail change, even if majority community support
Tax Reform in Australia has been held back for too long by
political wrangling and manoeuvring.
Our politicians should put their egos aside and seek
community input to determine a tax reform package that is viewed as a ‘common
good’ and then get on with implementation.