Tax reform is doomed

edward222 · May 27, 2015

Credit to: Offshore News Flash: Tax reform is doomed, say KPMG bosses

KPMG chief executive Gary Wingrove also questioned whether there would be bipartisan political support for reform. Youd need an element of that to get changes, he said.

Mr Nash said aside from lowering the company tax rate, the government should also look at personal tax reform. It was not sustainable to rely on bracket creep to fund revenue, he said.

Mr Nash also defended nations such as Singapore with low tax rates. He said Singapore was not a tax haven, and was well within its rights to offer competitive rates that attract business investment.
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Tax reform is doomed

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