Productivity Comission Briefin Paper on Tax Reform

The economic reform roundtable represents a unique opportunity to address lagging productivity and we know business has a critical role to play in growing productivity, for example:

• The private sector accounts for 72% of hours worked, about 82% of the value in the economy, according to McKinsey
• Big business makes an outsized economic contribution – jobs, suppliers, shareholders, etc

The solution to our lagging productivity is holistic tax reform, removal of supply side constraints, cutting red tape and over-regulation. While we agree that implementing the required changes are not easy, the proposed changes to date are focused on quick wins – not ‘growing the pie’.