Government must be ‘pragmatic’ about tax reforms

Cornerstone Group Senior Director James Cullen says economic reform cannot begin at the “same old ideological starting points” if it is going to help the country recover from the coronavirus crisis. After former treasurer Peter Costella reportedly encouraged the government to bring forward personal income tax cuts, Mr Cullen told Sky News the government should accept “we’re not going to land the perfect package". "There is a whole lot of good middle portions you can do for a broader economic and tax reform package, so I think we need to be pragmatic," he said. “Pragmatism was at the heart of the government’s response to COVID-19, I think they’ve got a bit of a tick from that to date. “There’s no reason why the current mood in the country is for reform and the government should capitalise on it because the window will start to narrow as the months tick by.” Image: Getty

from National | Daily Telegraph https://ift.tt/2Y9dsYj