Project Reform

Project Reform is comprised of a lead-in events series and a discussion series.
These two paths together create the road map for our Case for Change, culminating in The Tax Summit:
Project Reform virtual event.

Building a Case for Change

Simple. Efficient. Fair. A better tax system works for practitioners and taxpayers alike, at all levels of government. It promotes growth, creates opportunity and allows our community to prosper.

The end goal of The Tax Summit: Project Reform, is to produce an advisory paper that can form the blueprint of this new tax system.

With input from the sharpest minds in tax, it aims to address issues across the spectrum of our system, from the design and administration of taxes, to what a good tax system for everyone involved really means.

The Tax Summit: Project Reform brings together voices from across the profession, from academics to sole traders, lawyers and corporates, as one powerful voice for change.

The Vision for Tax Reform

Our vision for tax reform is expansive, holistic, practical and, importantly, driven by the tax professionals who work with the system every day. State and federal, indirect and direct, individual and corporate – meaningful reform encompasses all aspects of the tax and transfer systems. 

The Tax Summit: Project Reform is a chance for the profession to build the case for change in our tax system, from the ground up. Beginning with pop-up sessions addressing topical tax reform areas and roundtable discussions, building to keynote addresses and the Summit itself, the event brings our profession together as one powerful voice under The Institute’s banner. 

The Pillars of Reform

As we navigate the associated issues and options for reform we will organise our case for change into four main pillars. These pillars allow the classification of a wide range of tax topics and issues into four key areas of law design.

This approach also ensures that the focus of all those involved in the program remain firmly focused on holistically and genuinely reforming the tax system to achieve fundamental and macro design objectives. Straying back into well-known and familiar tax topics at a micro level increases the likelihood of getting buried in the technical traps and irritants, or directing attention to tweaking or tinkering with individual provisions, rather than a consideration of how the entire tax system should be designed.

Retirement and Wealth

Under the broad topics of Superannuation and Private Wealth, the discussion will encompass areas such as; the Superannuation Guarantee (SG) regime, contributions, earnings and benefits, death taxes, main residence exemption, investments and estate planning.

Business Taxation

Business Taxation can be broken into Domestic and International, and within those categories, will explore the unique reform issues large business, SME and family business, and employment taxes, digital taxes, thin cap and transfer pricing. 

Personal Tax & Transfer

A fundamental pillar in the discussion on Tax Reform, some of the many areas of focus include; Individual tax rates, work-related expenses, residency, tax offsets, transfer/welfare, social security, personal exertion income.

Indirect Taxation

Delving into GST and State and other indirect taxes more deeply, discussion will cover base broadening (food, education, health, financial services), property, international aspects, administration, transfer duties versus property taxes, insurance duties, PRRT and other resource taxes, customs duties, excises.

Building the Case for Change

Events Series

A combination of Keynotes and Focus Sessions from September to November, includes Bonus content focusing on
Tax Reform.

Discussion

Through a range of forums, virtual communities and liaison with existing groups and committees we want to ensure that all corners of the profession are represented.

Virtual Summit

Held virtually across two-half days of keynote sessions and breakout streams. The Summit will be the culmination of the event and discussion series and will present the options and priorities for reform.

Register Now

The tax profession is built by practitioners like you, backed by organisations like The Tax Institute.

Register today and help us build a case for change in the tax system. 

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