It is almost impossible to find a practitioner, commentator or tax expert who does not agree that taxation in Australia needs significant reform, but the lack of progress in making holistic changes to improve our tax and superannuation systems is pervasive. Notwithstanding the spinning wheels in reforming our tax system so it is future fit for all Australians and Australian businesses, tax professionals must deal with perennial changes to tax policy and administration.
Our theme this year acknowledges that no-one is unaffected by the changes that are happening around us. For our practices and clients to succeed, we must be agile and adapt to our changing environment. While some changes are beyond our control, we can be selective in adopting others. From the opening workshop on the current state of play in the taxation of succession structures, through to the closing panel discussion on how artificial intelligence is changing our world, this year’s program highlighted the key issues facing the tax profession in 2023 and the years ahead.