CONTINUEThis site uses cookies. By continuing to browse this site you are agreeing to our use of cookies. Find out more.
  1. Front Page
  2. News By Topic
  3. Australian Government Receives Henry Future Tax Review

Australian Government Receives Henry Future Tax Review

by Mary Swire, Tax-News.com, Hong Kong

28 December 2009


Australia’s Treasurer, Wayne Swan, has confirmed that, as expected, he has received the report on Australia's Future Tax System, produced by the review panel led by Ken Henry.

During the 18-month inquiry, the panel received around 1,500 formal submissions and over 4,700 letters, and the review team participated in discussion forums held throughout Australia.

The Treasurer announced that the report will lay the foundations for a long-term plan for reform, to make Australia’s tax and transfer systems fairer, simpler and more competitive. As the government has been saying for some time, it will consider the review and release it in early 2010, along with an initial response.

Last month, in a speech, Swan explained that he expected the report to provide a 10-year plan for reform.

He predicted that the government’s response to the review's recommendations would be in various forms, but suggested that there may be some things that could be done immediately, or at least that the consultation and development process could be launched immediately on.

At that time, he reflected on the unfairness of the current superannuation system, and also looked forward to a simpler tax and transfer system. Company taxes were also flagged up as being on the review’s radar.


To see today's news, click here.

 















Tax-News Reviews

Cyprus Review

A review and forecast of Cyprus's international business, legal and investment climate.

Visit Cyprus Review »

Malta Review

A review and forecast of Malta's international business, legal and investment climate.

Visit Malta Review »

Jersey Review

A review and forecast of Jersey's international business, legal and investment climate.

Visit Jersey Review »

Budget Review

A review of the latest budget news and government financial statements from around the world.

Visit Budget Review »



Stay Updated

Please enter your email address to join the Tax-News.com mailing list. View previous newsletters.

By subscribing to our newsletter service, you agree to our Terms and Conditions and Privacy Policy.


To manage your mailing list preferences, please click here »