Tax reform
ACT Labor supports a tax reform agenda that ensures government has sustainable funding for the growing demands on our public services.
Any tax reform should be driven by the principle of progressivity, and that additional revenue is needed. Any changes should also increase equity, target negative externalities and aim to reduce tax avoidance.
ACT Labor reccommends that any tax reform agenda focuses on tax concessions that predominantly benefit the well-off such as trusts or superannuation that are used to avoid tax and tackling loopholes that enable corporations to avoid paying their fair share of tax. On these grounds, this conference also opposes any headline reduction in the corporate tax rate or increase to the GST.