Grant Thornton Australia

For the first time in 29 years, Australia is in a recession. The record stimulus and support packages rolled out just in a few short weeks to combat the effects of COVID-19 will leave us with a record deficit that will take decades to pay back. The Tax and Transfer System is really the only mechanism we have to balance the books - and with tax reform on the table, now is the time to look at our tax system with new eyes and split the bill in different ways. In our podcast, National Head of Indirect Tax Tony Windle, and Tax Partner Vince Tropiano discuss how to shake up the tax system and avoid decades long deficit blow outs.