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Australia’s current taxes ‘inadequate’ for ‘adequate services’, former secretary of finance warns

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Michael Keating to call for revenue review at Australia Institute summit as Labor provides update on multinational tax avoidance

Dr Michael Keating in 2016. The former head of the Department of Finance will call for a revenue review at the Australia Institute’s summit on Friday.Dr Michael Keating in 2016. The former head of the Department of Finance will call for a revenue review at the Australia Institute’s summit on Friday.Australia’s current taxes are “inadequate” to finance government responsibilities including for aged care and defence, a former head of the finance department has warned.

Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Keating calls for a “a full-scale independent public review of the funding required for adequate service provision” to come up with an “authoritative estimate” of what is needed, before the conversation shifts to how to raise revenue.

The assistant minister for treasury, Andrew Leigh, will also address the conference, updating on Labor’s efforts to tackle “accounting tricks and dodgy behaviour” by multinationals, including being one of the first jurisdictions to legislate for

 

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