As the tax reform debate increases, KPMG's new paper Tax reform for our future success discusses the importance and difficulty of tax reform.
- We must approach the future rationally – Reforming Australia's tax system requires an in-depth understanding of the limitations and opportunities that lie before us, as they impact all sectors of our society.
- We need to sustain our capital – If we are to ensure a sustainable future, we need to preserve our capital. This is not simply our environmental capital but our physical, financial, human, institutional and community capital as well.
- The trends that will impact our future wellbeing – An ageing population is likely to increase the demand for higher quality services whilst the immanent shift in global economic power from developed to developing countries will change the game for all economies, including Australia.