It is said that “if anything in life is constant, it is change”. With this change comes the need to review and renew – and tax is no exception. Economic, social and institutional change both domestic and international, require governments to be vigilant about their tax systems. In this paper we look 5 to 10 years ahead and ask:
- what will be the source of future stresses and strains on the Australian tax system?
- what will be the scope for funding future tax reforms?
- what will be the future direction for the tax mix, tax rates and the taxation of super?
- how are future tax reforms likely to impact on the tax agent of the future?