“What Australia needs more than anything with our tax system is simplification.”
Our CEO, Chris Andrews, spoke with Edward Boyd from Sky News Australia about the growing complexity of Australia’s tax system, and why it’s becoming a drag on productivity.
With more than 100 individual taxes and the majority contributing little to overall revenue, Chris highlighted that complexity is distorting behaviour, encouraging investors to focus on structuring which is impacting productivity. He also noted the flow-on impact across investor behaviour and the broader economy, from rising interest in high-growth opportunities like the proposed SpaceX IPO, to the need for more balanced portfolios and practical solutions such as increasing medium-density housing in established suburbs.
La Trobe Financial Asset Management Limited ACN 007 332 363 Australian Financial Services Licence No. 222213 Australian Credit Licence No. 222213 is the responsible entity of the La Trobe Australian Credit Fund ARSN 088 178 321. It is important that you consider the Product Disclosure Statement (PDS) when deciding whether to invest or continue to invest in the fund. The PDS and Target Market Determinations are available on our website
