Additional Tax Reforms Would Revive Growth – Economists  

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.

Survey highlights:

  • 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.

 

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