After 22 years of continuous economic growth, Australia faces major challenges as our population ages and the resources boom declines. Current modelling suggests that retention of current policies will result in governments at all levels sliding into growing deficits. Another shock like the global financial crisis could see us with European scale debt within a decade. This presentation by a prominent Australian economist and former senior governmental adviser puts the case that comprehensive reform in our tax structure is critical to securing growth, productivity increases, supporting an aging community and ensuring resilient government budgets.
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