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Opposition Leader Bill Shorten. Picture: AAP/Dan Himbrechts
CLOSING tax loopholes that help the rich get richer must be part of any future tax reform, Labor leader Bill Shorten will tell a Melbourne conference today.
He’ll also reaffirm his strong opposition to raising or broadening the base of the GST, calling for a “bigger conversation†about tax.
Mr Shorten will tell the Economic and Social Outlook Conference tax loopholes are unfair because they are two and half times more likely to be used by the wealthy.
He will claim “gaming our system†doesn’t require any illegal behaviour, just a “well-paid tax agentâ€.
Prime Minister Malcolm Turnbull at the Economic & Social Outlook Conference in Melbourne on Thursday.Source:News Corp Australia
Prime Minister Malcolm Turnbull opened the conference on Thursday by telling attendees any changes to the tax system must pass a fairness test.
But Mr Shorten will today suggest GST changes would inflict “the heaviest punishment on those least able to afford itâ€.
He’ll also speak about the need for superannuation reform.