Media statement: Tax and social security reforms which could accompany the carbon pricing scheme
"There is an opportunity for the revenue to be returned to households in productivity-raising reforms of the tax and social security system. There are multiple ways in which this could be achieved. In releasing my report last week, I said that the Henry Review provided a possible model for returning the revenue. However it is done, it is important that the changes increase incentives for labour force participation."
For further information
- Update Paper 6: Carbon pricing and reducing Australia's emissions
- The transcript of Ross Garnaut's speech to the National Press Club on 17 March 2011, in which Professor Garnaut discussed his views on the use of tax and social security reform to return carbon pricing revenue to households.