It is now 5 years since the Federal Government released
it's Re:think paper on tax reform,
aimed at 'beginning a dialogue on how [to] create a tax
system that supports higher economic growth and living standards,
improves international competitiveness and adjusts to a changing
economy'1. Although the release of the
paper stated that the current tax system was 'holding Australia
back', we have seen little traction in achieving true reform of
the Australian tax landscape since its release.
In the era of globalisation we saw strong economic growth and a
continued expansion of trade and commerce across the world.
Whilst no-one could have predicted COVID-19 there is more
than some suggestion that, at least in the short term, we can
expect to see a contraction of globalisation measures and a move
towards nationalism, with borders closed and trade stifled.
Although ultimately substantial economic recovery will likely
require global co-operation, there are questions as to
