BDO Tax Reform Survey 2014
28 January 2014
BDO has released the results of the third tax reform survey which captures the views of the taxpaying public regarding the state of tax reform in this country.
Following the Federal election in late 2013, we asked survey respondents what message they wanted to send to the new Government in relation to tax reform. 135 Australian taxpayers across a range of professions and industries participated in the survey.
Less talk and more action from the Government and frustration with Australia’s complex tax system acting as a drag on the economy were consistent themes throughout the survey.
It is clear taxpayers want the new Government to find a way to introduce reforms to the taxation system that do not involve imposing additional unreasonable and complex compliance burdens.
Some of the survey key findings include:
- 95% of respondents agreed that there is too much talk and not enough action in the tax reform area
- 87% of respondents agreed that the GST must be considered in any tax reform discussion
- 67% agreed that ‘all GST exemptions should be abolished to simplify the system’
- 59% agreed that the GST rate should be increased to fund the abolition of state payroll taxes and stamp duties
- More than half of the survey respondents (54%) strongly agree the Government should revisit most of the Henry review recommendations in its proposed Tax Reform White Paper.
Download the BDO Tax Reform Survey 2014
If you have any questions relating to the Tax Reform Survey 2014, please contact your local tax adviser.