Tax reform needed to support business and stimulate jobs growth

THE Australian Retailers Association (ARA) today welcomes the release of the tax discussion paper, the first step in creating a tax system that supports economic growth, improves our international competitiveness and adjusts to a changing economy and new opportunities. 

ARA  Executive Director Russell Zimmerman said the retail industry will support a real tax reform agenda and not just a talk-fest as the Henry review turned out to be.

"This enquiry should not limit tax reform until after the election. We also hope that simple resolutions - including overseas companies collecting low value GST from purchases under $1000 – can be implemented right away.

"The serious reform agenda needs to be based on tax rates remaining a concern, allowing sneaky revenue growth for government, as does the base of the GST which needs expanding and simplifying.

“Tax reform is needed to create jobs, growth and opportunity across all industries,” Mr Zimmerman said.

Since 1903, the Australian Retailers Association (ARA) has been the peak industry body representing Australia’s $265 billion retail sector, which employs over 1.2 million people. The ARA ensures retail success by informing, protecting, advocating, educating and saving money for its 5,000 independent and national retail members throughout Australia.

Visit www.retail.org.au or call 1300 368 041.

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