11 Jun 2020

Economic recovery must tackle tax reform and super - PwC report

From Nine To Noon, 9:08 am on 11 June 2020
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Photo: © Wollertz/ 123rf

The professional services firm PwC says the rebuilding of our economy post Covid 19 must involve tackling some political hot potatoes such as a capital gains tax and changing the national super scheme. In a report just released, PwC says the Covid crisis and the massive public expenditure programmes being contemplated are a unique opportunity to reshape and rebuild the economy, but getting it wrong will place a heavy debt burden on future generations. The report puts forward seven planks it says are fundamental to rebuilding the economy, including further targetted wage support, tax reform, addressing intergenerational inequality and dealing with the urgent challenge of climate change. Lynn Freeman speaks with lead author, PwC Corporate Finance and Restructuring Partner, David Bridgman.