Australian Tax Reform refers to ongoing efforts and changes made to the taxation system in Australia. This includes various initiatives aimed at improving the efficiency, equity, and simplicity of the tax framework. The reforms may involve alterations to income tax rates, the introduction or modification of taxes (such as the Goods and Services Tax), deductions, credits, and compliance requirements. The goal of tax reform typically encompasses stimulating economic growth, increasing government revenue, addressing tax avoidance, and ensuring a fair distribution of the tax burden among individuals and businesses. Over the years, various Australian governments have proposed and implemented tax reforms in response to economic challenges, public sentiment, and changing demographics. These reforms often generate significant public debate regarding their impact on taxpayers and the economy as a whole.
NSW and Queensland face pressure to finalize public school funding deals, as no NSW public school meets the minimum funding standard. The Australia Institute highlights wealth inequality, indicating the top…