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Australia launches tax system reviews to cut business costs and address GST issues, with reports due by 2026.
The Australian government has launched multiple reviews to improve tax system efficiency, with the Board of Taxation examining ways to reduce compliance costs for businesses and the Productivity Commission assessing the $100 billion GST distribution and a $60 billion budget overrun in GST reform.
These efforts aim to enhance productivity, fiscal sustainability, and fairness, with public input invited and reports expected by late 2026.
The government emphasizes responsible spending and economic growth, building on recent tax and regulatory reforms.
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Australia lanza revisiones del sistema tributario para reducir los costos empresariales y abordar los problemas del GST, con informes para el 2026.