Federal Budget time again and lots of ideas are swirling around about how we should change the tax mix and re-distribute the revenue.
Unfortunately, the ideas continue to add to already over complex tax and distribution processes – and the numbers and cost of the public servants that administer the system.
Australia has one of the highest taxing environments of the developed world – and some good re-distribution systems. However, there are areas requiring improvement and great frictional loss in the system due to process ineffectiveness and inefficiencies.
We need to rethink and reset the system for better outcomes.