Someone else just wrote Jim Chalmers’ big tax reform plan
Allegra Spender lobbed a $29 billion grenade into the tax debate, arguing Australia is becoming a place where your “parents’ balance sheet matters more than your own ambition”.
The teal independent’s plan is the sort of blueprint that any ambitious Labor treasurer should be tempted to embrace. Alex Ellinghausen
Inside the Treasury building in Canberra, dozens of tax policy officials are busy beavering away on reform options for Treasurer Jim Chalmers’ fifth budget on May 12.
Chalmers faces a reckoning. His reform mantra of making tax changes in “bite-sized chunks” and “values-based capitalism” is being exposed as inadequate.
John KehoeEconomics editorJohn Kehoe is economics editor at Parliament House, Canberra. He writes on economics, politics and business. John was Washington correspondent covering Donald Trump’s first election. He joined the Financial Review in 2008 from Treasury. Connect with John on Twitter. Email John at jkehoe@afr.com
