With the 20th anniversary of the introduction of GST, the calls for tax reform are rising.
We should re-think and re-focus our taxation structure to give
improved incentives to work and make productive investments. We should seek
taxation structures that are simple to administer and difficult to avoid.
too long we have seen people taxed on their work at too high a level relative
to the returns given to passive capital (including the family home). All taxes
should be put on the table for consideration with no sacred cows.