Andersen says, “There are real concerns that many of the proposals that could benefit business development, such as the reduction in company tax and the simplification of the tax system are many years away.

“The government has only endorsed a handful of the 138 recommendations as it faces an election in less than 12 months and will want to play safe until after that result.”

The Association also outlines that the move it does provide an opportunity for Printing Industries to try to convince the government to adequately consider the impacts on business of what they have endorsed, for example with the proposed increase of the superannuation guarantee charge.

Andersen says that in its current form, the proposal would cost business in the vicinity of $24bn annually for all sectors.

He says, “A far more equitable way for the government to fulfil its objectives in superannuation would be to allow the proposed charge to be implemented as part of a wage trade-off. The Government has flagged this option and Printing Industries will be ensuring that it becomes the policy option of Government.”

Also commenting, Hagop Tchamkertenian, national manager for policy and government affairs, Hagop Tchamkertenian says the Association would be carefully reviewing the current and future proposals as they emerged and would continue to represent its member’s interest to government in the vital area of taxation reform.

Tchamkertenian says, “We agree with the Government that tax reform is a long term process due to its potential impact on government finances. Some measures however such as the proposed reduction in the corporate tax rate whilst having a short term impact on government finances have the potential in the long term to improve those very finances by encouraging economic growth.”

Comment below to have your say on this story.

If you have a news story or tip-off, get in touch at editorial@sprinter.com.au.  

Sign up to the Sprinter newsletter