Tax reform
May 20, 1999Proposed Amendments to the Financial Corporations (Transfer of Assets and Liabilities) Act 1993
May 25, 1999
Transcript No. 99/41
Treasurer
Hon Peter Costello MP
Doorstop Interview
Melbourne
Friday, 21 May 1999
9.00 am
SUBJECTS: Tax reform
JOURNALIST:
. . . confident . . ?
TREASURER:
We had some useful discussions yesterday. Weve had a look at things overnight. Well see if we can make any progress this morning.
JOURNALIST:
(inaudible) discuss exempting food?
TREASURER:
Well, we want to reform the tax system. We have the objectives of broadening the indirect tax base, reducing income taxes, getting new Commonwealth-State relations and increasing benefits for families. Were going to make sure that thats done within a responsible economic framework. Thats what were here for.
JOURNALIST:
So the Democrats demands, how much will they cost?
TREASURER:
Well, we havent heard demands yet. Well see if we can progress things this morning.
JOURNALIST:
Are you close to an agreement?
TREASURER:
Oh, well see if we can progress things this morning.