Australian Taxation Office

New or updated materials on ATO website, including:

Tax Reform

The State, Territory and Federal Treasurers met on Friday for the Council on Federal Financial Relations, during which tax reform continued to be a key topic of discussion. The Commonwealth provided further details on possible elements of changes to the Medicare levy or a change to the GST, and it was agreed that all options remain on the table. Additionally, it was agreed that the Council would continue to explore options for improvements to the tax system and that the Commonwealth Treasury with the state and territory counterparts would review the operation of all state and Commonwealth taxes as part of the overall review of the national tax system. See also the Treasurer's opening remarks and the transcript of a press conference held at the conclusion of the meeting.