Australian Government Faces Global and Local Calls for Tax Reform

Australian Government Faces Global and Local Calls for Tax Reform
Assistant Minister for Competition Andrew Leigh speaks to the media in Belmore, Sydney, Australia, on April 24, 2019. AAP Image/Joel Carrett
AAP
By AAP
Updated:
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A major global economic organisation has urged Australia to look for other ways to raise revenue rather than let a shrinking pool of workers shoulder the growing tax burden.

The Organisation for Economic Co-operation and Development (OECD) says broadening the goods and services tax—and potentially lifting the rate—would help rebalance the tax system so retirees take on more of a share alongside workers.