Tax reform must be part of our post-Covid economic cure

Photo: Global Panorama on flickr - Australia urgently needs a national coronavirus taxation summit to help reform our outdated tax system and ensure the nation can better deal with the economic fallout of COVID-19. The call comes from leading tax expert, Professor Robert Breunig from The Australian National University's Tax and Transfer Policy Institute. "We already know that we are facing a mountain of new debt because of the COVID-19 pandemic. And we are hoping for a quick and robust recovery," Professor Breunig said. "But Australia's recovery through global trade will continue to be impeded by other countries' response to the coronavirus. "And our interest rates will continue to be low. So we need to think big when it comes to fiscal policy.