Given independent candidates like Allegra Spender have wanted to see more on tax reform and a return to the Henry review, will a Labor government be looking at it for inspiration?
Jim Chalmers:
I understand, and I engage respectfully with the crossbench on some of the issues that they’ve raised with us in the tax system.
The Henry tax review is about 15 years old now. This was – the announcement that we made yesterday – was one of the recommendations of the Henry tax review.
But we have also made progress on tax reform in a number of other areas – production tax credits in our Future Made in Australia agenda, tax breaks for small business, three income tax cuts, changes to the PRRT, multinational tax reform, and so there’s been more tax reform in the first term than I think people have acknowledged.
And the tax reform that we proposed yesterday is important for all the reasons I’ve talked about – a simpler system, more cost-of-living relief going hand in hand with our tax cuts for every taxpayer, remembering – as I said before, and the coalition can’t dispute this – they’re going to the election with a policy to legislate high income taxes for all 14 million taxpayers. So that’s an important difference.
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