The Retail Council welcomes the opportunity to contribute to the Tax Reform White Paper process, including providing feedback on the initial stages of this process in the form of the Re:think Discussion Paper.
This review of the tax system is timely given the significant structural change that has taken place in both businesses and households since much of the system was designed and given the challenges that lie ahead.
Australia needs a tax system that reflects a modern Australian economy that operates 24/7 and competes across almost all aspects on the global stage for capital, labour and customers.
Australia needs a tax system that reflects a modern Australian that is ageing, seeking broader flexibility in work arrangements while also facing cost of living pressures and affordable housing challenges.
In short, the tax system is no longer fit for purpose and change is needed.
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Response to Draft Study into Consumer Law Enforcement and Administration