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The Australian (Free subscription) | 10/12/2008
TAX is the same numbers game as politics, involving winners and losers.The clearest message in yesterday's blizzard of paperwork from Ken Henry's tax review is that the balance between labour, capital and consumption taxes must change. Australia collects too much tax from capital by world standards. So reform will involve a shuffle away from capital and towards labour and consumption taxes....
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Offshore Services (Free subscription) | 15/12/2008
Australia's Treasury Secretary, Ken Henry, has unveiled the first in a series of consultation papers which are aimed at simplifying the country's tax system in.
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iTWire - Latest Headlines (Free subscription) | 15/12/2008
... (University of Adelaide), Tony Shaw (former chairman, Australian Communications Authority) and Ken Henry, (Treasury Secretary).Proposals were received from Acacia, Axia, Optus (on behalf of the Terria consortium), Telstra, TransACT, and the Tasmanian government.But Telstra fell at the first fence when it was determined that its proposal did not meet with the requirements of the RFP.Section...
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The Australian (Free subscription) | 12/12/2008
... The problems with super can be summarised in two quick stats released by Treasury as part of Ken Henry's latest round of tax reform discussion papers this week. First, the top 5 per cent of taxpayers receive 37 per cent of the tax breaks paid on contributions to super. Using Treasury's rough rule of thumb that super tax concessions are worth $26 billion in lost revenue, that translates to...
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Sydney Morning Herald (Free subscription) | 10/12/2008
THE Rudd Government's tax review will hone in on housing affordability, the Treasury Secretary has said, suggesting it could prompt cuts in stamp duties, and will examine changes to negative gearing concessions for investment properties.Ken Henry yesterday stoked expectations that his review will prompt the most far-reaching overhaul of the tax system in decades.Releasing a consultation paper...
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Courrier Mail (Free subscription) | 10/12/2008
Tax return could be abolished under system overhaulArticle from: AAPFont size: Email article: Print article: Submit comment: Colin BrinsdenDecember 10, 2008 03:27pmTHE annual pain of having to fill in a tax return could eventually become a thing of the past.This is one of the many issues the Henry Tax Review is aiming to address in a major overhaul of the tax system, the first in 50 years. Secretary...
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News.com.au (Free subscription) | 10/12/2008
ABOLISH tax returns, ban lump-sum super payouts and exempt the elderly from income tax if they work.The authors of the most ambitious federal tax review in 50 years have put everything on the table as they try to drag our convoluted system into the 21st century. In a preview yesterday, Treasury boss Ken Henry said he was open to all suggestions, but beholden to none. The only bias he would reveal...
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Courrier Mail (Free subscription) | 10/12/2008
... may have to pay the fringe benefits tax in the future. The tax review led by Treasury Secretary Ken Henry has outlined these issues among hundreds of others as questions it will consider in reshaping our tax system. The review was set up by the Rudd Government earlier this year to come up with options to reshape the tax system for the new century. A series of papers outlining the questions...
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Peter Martin (Free subscription) | 06/12/2008
The Henry Review's consultation paper is out this week Surely he couldn't have been serious? Three weeks ago - making it clear that he wasn't "endorsing it," the head of the Treasury Ken Henry raised the idea of replacing most of Australia's existing taxes with with so-called "cash flow" models based on the difference between money coming in and money going out. He said it had been put...
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lifeasdaddy (Free subscription) | 05/12/2008
There's lots of pessimistic stuff around about the financial crisis. And that pessimism has a detrimental effect. A few weeks ago Australia's most senior practising economist, the Secretary to the Department of the Treasury, Dr. Ken Henry addressed the National...
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News.com.au (Free subscription) | 05/12/2008
... the policy-making process has driven Mr Stewart to come out in support of embattled Treasury boss Ken Henry. Mr Stewart singled out Dr Henry and senior Treasury official Jim Murphy for special kudos, describing their contributions to dealing with the financial crisis as "fabulous". In his role as chair of the Australian Bankers' Association this year, Mr Stewart has been working closely...
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The Australian (Free subscription) | 30/11/2008
... are permanently higher, even if not quite as high as at present," Treasury secretary Ken Henry said in a 2006 speech. He said government should consider the possibility of a long term contraction in manufacturing, a shift of people and capital to the resource states and a rise in consumption. The idea of an ever-lasting boom was based on what was thought to be the tectonic force driving...
