Before we start another round of tax reviews why not implement outstanding suggestions from the last one.

Ken Henry’s review of the tax system delivered in May last year was a fantastic piece of work with some great suggestions which have been largely ignored or any changes have been half baked..

Our top 3 Henry suggestions to be implemented would be;

. Increase tax free threshold to $25,000 and then a flat tax rate or reduce tax bands. The tax free threshold has been increased, now finish the job with flat tax or reduced tax bands.

. Reduce company tax to 25 per cent. The Government is reducing it to 28 per cent over the next couple of years but make a commitment now to cut to 25 per cent.

. provide a 40 per cent saving income discount on interest income. Capital Gains receive tax concessions by we’re all hit with our full marginal rate on interest returns. Why?