A survey of the major economists by a leading media house in the country has provided an opinion that tax-reforms remains an effective policy measure to uplift lagging economic growth, especially tax-cuts in the corporate and personal income.
- A lower corporate tax rate is likely to help boost fixed capital investments.
- Some said that corporate tax rate should come down to 20 per cent.
- GST might need new reforms in the new decade.
- Australia is among the highest tax collectors in the world, said OECD in December.