Reforming Australia’s income tax system to reduce income inequality

By Daniel Pham, RMIT University, IMF, 2022

Daniel attended RMIT University. His policy paper focuses on Reforming Australia’s income tax system to reduce income inequality

Executive Summary

Rising income inequality presents a pressing challenge in Australia, where income distribution remains uneven and disproportionately benefiting the highest earners, highlighting the unfairness of the current income tax system. This paper proposes policies to ensure that high-income individuals1 pay their fair share of taxes2 to generate revenue for the government to spend on crucial public services and programs. Implementation of proposed recommendations would reduce income inequality and foster more equitable distribution of opportunities and prosperity for all Australians.

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