We wrapped up the lead in event series for The Tax Summit: Project Reform today, with our final focus session, featuring a discussion of GST and indirect taxation.
Throughout the program of Focus sessions and Keynotes, we’ve heard some insightful perspectives, interesting queries and plenty of exciting ideas for the future of tax reform. All of this discussion has informed the agenda for our upcoming Virtual Summit event, over two half-days on 24–25 November.
The Virtual Summit brings everything together, so that tax leaders, tax practitioners and regulators can define the priorities for tax reform. It’s a chance for you to tell us what matters most to you.
With so much insight spanning the four reform pillars of Retirement & Wealth, Business Taxation, Personal Tax & Transfer and Indirect Taxation, we thought it might be time for a refresher. So we asked three of our in-house tax reform experts, for their take on the path to tax reform and building a case for change – so far.
“The conversation hasn’t just started, it has momentum! There is uniform acknowledgement that we have before us the most amazing opportunity for reform which all sides of Government need to embrace. The conversations, insights and ideas flowing from Project Reform demonstrate the calling for true reform for an efficient, effective and balanced tax system rather than mere tinkering in an attempt to rebalance a budget.”
“Hearing the debate regarding making the future possible – the challenges, obstacles and practical insights, including the role we each will need to play, to turn the discussion into reality.
There is something in this for everyone. For me I am looking forward to the comments and insights from the many Keynote speakers who will be joining us for our plenary sessions.”
Catch Scott in:
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S4.1: Designing incentives to advance innovation 24 November |
This session considers how well-designed tax incentives can encourage businesses to grow and expand, improve their productivity, and support valuable R&D as well as new technology and industries. |
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S5: Day 1 summary 24 November |
To close out Day 1, Scott and Robyn reflect on the discussions and ideas raised during the day’s sessions and set the stage for the second day of bright ideas and robust debate. |
“I’m amazed the amount of agreement not only of the urgent need for reform but what the key elements of that reform must look like. Of course, all stakeholders we have engaged agree that any reform must be guided by the principles of equity, fairness and simplicity.”
“Never before has Australia seen so many great speakers and panellists come together at one time who bring a wealth of knowledge and experience to the Tax Reform debate.
I am especially looking forward to hearing both from those who have pushed through reform and from the regulators and policy advisors about what it’s really like trying to get change to happen.”
Catch Andrew in:
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S1: The Case for Reform 24 November |
Setting the scene for the Virtual Summit event, this session mounts the case for reform and considers how tax reform can create the environment for long term economic success for Australia. |
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S6: Regulators and policy advisers panel 25 November |
In this not to be missed panel session with representatives of regulators and key policy advisers, will discuss how they can leverage data to make interaction with the system painless, quick, and cheap. |
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S10: Day 2 summary and Virtual Summit reflections 25 November 2020 |
Wrapping up The Tax Summit: Project Reform, Andrew and his fellow commentators will set out the next steps for the Case for Change paper to be presented to the Federal and State governments. |
“The groundswell of support across the profession and the broader business community for genuine and serious tax reform has been heartening.
As far as sessions go, Peter Costello’s invaluable insights about how successful tax reform should be undertaken was a standout for me.”
“The gathering of preeminent experts in the tax profession and business community, aided by academics and the regulators, will bring together the best minds in tax and thought leadership as we collaborate to identify the best pathways to reforming our tax system.
I am particularly looking forward to hearing the bright ideas and robust debate among our expert speakers, who will come together with a desire to genuinely advocate for change and improvement for the benefit of the entire country rather than pursuing vested interests. The keynote sessions will be especially engaging.”
Catch Robyn in:
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S2.2: Rethinking SME taxation 24 November |
Consider how the taxation of SMEs could be redesigned to liberate the flow of capital, reduce compliance costs and reduce the complexity while maintaining integrity in the system. |
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S3.2: Targeting concessions for small and family businesses 24 November |
Consider the possible options to overhaul small business tax concessions, including by maintaining integrity in the system without adding unnecessary barriers and reducing complexity. |
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S5: Day 1 summary 24 November |
To close out Day 1, Scott and Robyn reflect on the discussions and ideas raised during the day’s sessions and set the stage for the second day of bright ideas and robust debate. |
There are less than 8 days to go until the Virtual Summit, which is streaming live to you from the Museum of Contemporary Art in Sydney. This state of the art hybrid event space means that although you’ll attend from the comfort of your own home, you’ll feel as if you’re right there in the room with our speakers, including Former Chair of the Board of Taxation, Teresa Dyson, Former Prime Minister of New Zealand, Rt Hon. Sir Bill English and Second Commissioner at the ATO, Jeremy Hirschhorn, CTA.
With over 50 expert speakers featuring across 2 half-days, the Virtual Summit is a not-to-be-missed opportunity to engage with the ideas driving our tax system forward and shaping your career today, tomorrow and for years to come.