Mark Bouris has called for a universal 20 per cent income tax rate, arguing Australians “deserve a better deal” and pay too much under the current system.
On his Mentored podcast, the Yellow Brick Road chairman said Australians should not be paying more than 25 per cent and that a flat rate would see the wealthy contribute more through GST because “they consume more and they consume more expensive stuff.”
Bouris urged Australians to “fight” for lower taxes rather than seek tax havens abroad.
Tax expert Belinda Raso supported broad reform, noting income tax makes up 52 per cent of federal revenue and bracket creep will push average rates higher.
While she said a flat 20 per cent tax would be “fantastic,” she viewed a rate below 23 per cent as more achievable.
Critics warn flat taxes can hit low-income earners harder, but Bouris’ proposal attracted strong viewer support.
Source: News.com.au.
