Australia

Treasurer throws down gauntlet for ‘crucial’ tax reform

18 June 2025 17:30 | News

Since the treasurer promises to “comprehend nettle ında in the thorny issue, the basis for more than twenty years of Australia’s most important tax reform initiative was established.

Summarizing the government’s economic agenda for the second parliamentary period, Jim Chalmers put a real consensus in a speech to the National Press Club to industry, media, civil society and political class.

While defending the progress of Labour’s progress, including changes in the laws of merger and competition, Treasurer Australia’s stagnant productivity should go further in order to increase the budget, to balance the budget, and to make the economy more durable.

Treasurer Jim Chalmers took into account the calls for tax reform to improve living standards. (Mick Tsikas/AAP Photos)

The long -term tax reform will be on the agenda at a productivity round table meeting that works in August to önemli shaping the direction of long -term economic reform ”.

“This is about testing the country’s reform appetite, Dr Dr Chalmers said on Wednesday.

“I am ready to end, the government is ready to do a little and what we will find in the next few months is whether everyone is ready to do.”

The media challenged the “inner, non-rule” game, which he said that he had a “cancerous an effect on the policy debate and said that he said that he had robbed his country of flexibility and maturity in order to respond to great difficulties.

The prerequisite for reforms, the national interests of the proposals should be specific and practical, and when taken together, he developed budget profitability.

Signage in the treasury building in Canberra (File Picture)
The Treasurer says that tax reform is the key to increasing productivity and balancing the budget. (Lukas Coch/AAP Photos)

Dr Chalmers previously marked the laborious bureaucracy to improve Australia’s decrease in productivity.

However, tax reform calls increased as an aging population erosion and increasing demands to health and elderly care budgets.

“Without further tax reforms into consideration, a logical progress can not be made on productivity, flexibility or budget sustainability, D said Dr Chalmers.

The reform will also aim to reduce the personal income tax burden, to increase the incentive to work, to simplify the tax system, and to improve international equality.

Dr Chalmers did not confirm whether opposition politicians would be invited to the round table, but will keep the limited area of ​​participation in the 25 -seat cabinet room.

Intent Steelworker in One Steel in Melbourne
The treasurer said that changes in Labour’s laws of industrial relations will not be on the table. (Julian Smith/AAP photos)

After criticizing the work and skill summit of the business groups as a means of labor for workplace reforms for workplace reforms, the round table agreement would be a “real consensus”.

The Treasurer promised to take into account good ideas, but it will not be on the table to regain changes in Labour’s laws of industrial relations, including many employers’ bargaining.

The company is expected to be at the top of the priority lists for business groups after the issue of deduction of tax rates or providing more taxes for investment by Danielle Wood.

Dr Chalmers closely knows the difficulties faced by governments in the ambitious reform attempt.

As Treasurer Wayne Swan’s advisor, he worked on Labour’s carbon tax, which was ultimately abolished by Tony Abbott after winning the Coalition 2013 elections.

A slow -marked worker
Australia’s labor productivity fell after Covid, but for more than ten years, it has been slow. (Dave Hunt/AAP Photos)

Dr Chalmers said it was realistic but optimistic about the chance of success.

“If we really listen to each other, let’s see what we can really achieve, we are trying to find a really common ground and we are trying to join some of these difficult changes,” he said.

Andrew Bragg, a spokesman for opposition efficiency, acknowledged that all politicians work together to improve Australia’s economic challenges.

“I think, if we can cooperate, the Australian people will gain better than all of us and we are ready to be very constructive in the approaching process, even if it seems to be very constructive.”


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