The Future Is Now (Editorial)
(2016) 45(1) Australian Tax Review 3-5
3 Pages Posted: 6 Aug 2019
Date Written: March 1, 2016
With 2016 well underway, there is already much to discuss in terms of tax reform. The Federal Government had promised a Tax Reform White Paper with nothing off-limits but, with a potential election in 2016, it seems that the May 2016 Budget will now be the “White Paper” for tax reform and many are asking whether proposals will simply be piecemeal. Consistent with the need to reform the current tax regime, the overarching theme for this issue of Australian Tax Review is whether reform, whether recently implemented or proposed, is considered genuine progress based on sound tax policy or merely a case of “back to the future”. With constant changes to the current regime we are left to wonder what is in store for 2016. No doubt, some recent reforms can be considered significant. 2016 picks up where 2015 left off as it is the reforms to Australia’s international tax regime, and the discussions which surround this, that immediately come to the reader’s mind.
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