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Surveys:

BDO Tax Reform Survey 2015

27 January 2015

Lance Cunningham, National Tax Director |

Tax Reform Survey 2015 released

BDO has released the results of the 2015 Tax Reform Survey and the sentiment from Australian taxpayers is clear – we have been waiting too long for genuine tax reform.

The fourth annual survey captures the views of the taxpaying public on the state of tax reform in the country, and the results indicate that Australians are tired of waiting; they want the Government to get on with the business of reforming Australia’s tax system.

More than 90% of respondents agreed that GST must be considered in any tax reform discussion, which aligns with the recent OECD Economic Survey on Australia which identified the reform of the GST and State taxes as two of the most important tax reform issues facing Australia.

Comments from respondents made a clear link between the GST and the abolition or rationalisation of State taxes, with many people pointing out that removing these taxes was one of the justifications for the GST in the first place.

Some of the key survey findings include:

  • 62% of respondents disagreed when presented with the statement that ‘the GST rate should never exceed 10%’
  • 71% agreed that the GST rate should be increased to fund the abolition of state payroll taxes and stamp duties
  • 49% agreed that changing the GST rate was a good idea in order to enable a cut to personal tax rates
  • 66% of respondents agreed that ‘all GST exemptions should be abolished to simplify the system’.

The survey results demonstrate that after countless delays and minor tinkering around the edges, Australians are more than ready for action to deliver genuine, wide-ranging tax reform.

However, any changes must simplify the tax system, because if the reforms bring with them a complex compliance regime, the negatives may end up cancelling the positives.

Download the Tax Reform Survey 2015


 

If you have any questions relating to the Tax Reform Survey, please contact your local tax adviser.