ENHANCING OUR LIVING STANDARDS THROUGH TAX REFORM

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Presentation transcript:

ENHANCING OUR LIVING STANDARDS THROUGH TAX REFORM Dr Martin Parkinson Secretary to the Treasury

Real GDP growth Source: ABS cat. no. 5206.0 and Treasury.

Contributions to annual per capita income growth Note: The hatched area represents the additional labour productivity required to achieve long run average growth in real gross national income per capita. Source: ABS 5204.0 and Treasury

Tax structure 1950-51 2014-15 2024-25 Source: RBA statistics, Budget 2014-15 and Treasury estimates.

Increasing investment in intangibles Source: The Conference Board

Personal income tax rates and the effects of fiscal drag Note: Based on Budget 2014-15 parameters.

Commonwealth-State VFI Note: Based on the Commonwealth, State and Territory 2014-15 Budgets.