Tax

The VFF supports reform of Australia’s tax system to promote the principles of efficiency, simplicity, transparency, equity and fairness. Reform should focus on assisting industry and businesses to maintain and enhance competitive advantage and access to markets. Reforms should be funded through efficiency in government spending, reprioritisation of government expenditure and through defining state and federal taxation powers.

Tax reform does not mean just introducing new taxes. The VFF believes any proposal to increase a tax must be matched by an equivalent reduction in a less efficient or less equitable tax. Tax reform must also consider the specific circumstances and characteristics of the agriculture sector and rural communities including factors such as the variability of income, and the limited capacity to pass on increased costs.

The VFF Tax Policy Statement outlines the VFF’s positions on a comprehensive range of tax issues.