InDaily

Adelaide's independent news

Support

Further work "to reduce tax burden"

Politics

Treasurer Scott Morrison and his state and territory counterparts have agreed to look at further modelling of the tax system.

Comments
Comments Print article

Morrison said all the Treasurers at today’s meeting in Sydney accepted there needs to be a growth-friendly tax system.

“From the Commonwealth perspective, the only models that we will be looking at will be ones that don’t lead to an increase in the tax burden in this country,” Morrison told reporters after the meeting.

Morrison said the objective of any future changes to the tax system is to ensure there’s a reduction in the overall tax burden on taxpayers.

He said there was certainly a different set of views around the room, with the states setting out their challenges and the Commonwealth setting out its own.

“But the one thing we’re all focused on is growth,” he said.

“If you can address economic growth, whether it’s through the innovation statement or the changes to the tax system or our $50 billion national infrastructure plan … it’s growth that counts, because that’s what delivers jobs and that’s what grows revenue, not jacking up taxes.”

The meeting also discussed competition law, following the Turnbull government’s recent response to the Harper review, and foreign investment.

The prime minister, premiers and chief ministers will meet tomorrow for the Council of Australian Governments.

-AAP

We value local independent journalism. We hope you do too.

InDaily provides valuable, local independent journalism in South Australia. As a news organisation it offers an alternative to The Advertiser, a different voice and a closer look at what is happening in our city and state for free. Any contribution to help fund our work is appreciated. Please click below to become an InDaily supporter.

Powered by PressPatron

Comments

Show comments Hide comments
Will my comment be published? Read the guidelines.

More Politics stories

Loading next article

Subscribe to InDaily – it’s free!

South Australia’s locally owned, independent source of digital news.

Subscribe now and go in the monthly draw* for your chance to WIN a $100 Foodland voucher!

Subscribe free here

*Terms and conditions apply

Welcome back!

Did you know it’s FREE to subscribe?

Subscribe now and go in the monthly draw* for your chance to WIN a $100 voucher!

Subscribe

*Terms and conditions apply