Tax reform must transcend petty politics

Politicians have no reason to commit election suicide by addressing real tax reform, which is why this serious issue should be taken out of their hands. A new and external approach is needed.

Is it time to take tax reform out of the hands of our politicians and put it in the hands of an independent tax commission similar to the Reserve Bank of Australia? Tax reform is desperately needed to widen the tax base and eventually balance the budget. Proposals by the Coalition have been, at best, modest and without exception met with hysteria by the public and opposition.

Consider the following as we approach tonight’s 2013-14 federal budget.

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