Weekly Tax Bulletin --- Page: 1593 : 21 September 2007 Original article by Terry Hayes
LexisNexis Summary
The Australian Industry Group has proposed a five-point plan for tax reform to be implemented over the next three to five years. The plan includes the following ideas: business tax reforms - phasing down the company tax rate from 30 per cent to 25 per cent; personal taxation - increasing the Low Income Tax Offset; indirect tax and Intergovernmental finances - removing the most inefficient remaining state taxes; and in superannuation - refunding the 15 per cent contributions tax into lower-income individuals' superannuation accounts.
