Two changes are needed for the taxation and family benefits system to improve efficiency and achieve equity between families.
The first step is to replace the current complicated family tax benefit payment schemes with a single lump-sum payment per child.
All existing family allowances, childcare subsidies, maternity allowances and other concessions for children in the current tax-transfer system, should be replaced with a uniform, non-means-tested annual taxation concession, such as a tax…
