The new chairman of the Business Coalition for Tax Reform (BCTR) plans to call for a higher goods and services tax and a scrapping of state taxes as part of the federal government's tax reform, according to a report by the Australian Financial Review.
Tom Pockett, the finance director at Woolworths who will be named chairman of the BCTR today, has called for an overhaul of Australia's tax system to maintain international competitiveness, aid productivity and bolster investment, according to the report.
Mr Pockett warned that businesses will have to accept some additional taxes in return for the needed reforms.
Treasurer Wayne Swan has already said he will not consider boosting the 10 per cent GST, according to the AFR.
