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Victims of income tax. (Economics).(tax reform not happening in Australia)

Quadrant

| June 01, 2003 | Henderson, Ian | COPYRIGHT 2003 Quadrant Magazine Company, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

FOR THE NEAR future, the unfinished business of tax reform will remain just that: unfinished. It's partly the result of the condition of the Howard government's finances; but a better explanation is that it's been shunted to the bottom of the government's list of priorities, at least until the next election.

When Prime Minister John Howard, Treasurer Peter Costello and Finance Minister Nick Minchin met early last December to begin planning the 2003-04 budget, one of their decisions was to tell their cabinet colleagues not to expect extra funds for any new programs. In the words of one insider: "If it's not security, defence or the drought, any new spending has to ...

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