Businesses and individuals are encouraged to submit their comments on the Australian Government’s tax discussion paper, as part of consultations that will lead to a comprehensive Tax White Paper.

The tax discussion paper, released by the Treasurer on 30 March 2015, begins a dialogue on creating a tax system that supports higher economic growth and living standards, improves Australia’s international competitiveness and adjusts to a changing economy and new opportunities.

The community’s responses will inform the Government’s tax options Green Paper, due to be released in the second half of 2015. The Government will seek further feedback on those options before putting forward policy proposals for consideration by the Australian people in before the next election.

Submissions and suggestions on the discussion paper can be made at the website bettertax.gov.au. Submissions on the discussion paper can be made through the website until 1 June 2015.

WSBC would like to hear from its members on this subject too. Let us know by contacting our CEO, Michael Sugg or responding to this news item below.