You are here

Australia's Treasurer invites tax-system overhaul discussion

Joe Hockey seeks to reduce govt's reliance on income tax as population ages

BT_20150331_KVAUSSIE31_1591036.jpg
The rise of the digital economy and globalisation presents significant challenges for the effectiveness of the tax system, says Mr Hockey

Sydney

AUSTRALIAN Treasurer Joe Hockey invited discussion on the biggest shake-up to the nation's tax system in more than 60 years, seeking to reduce the government's reliance on income tax as the population ages.

"The problem we face is that our current tax system, which was