Australian Taxation Reform
10 October 2018
Monash Business School’s Leaders Panel series invites prominent industry and academic speakers to tackle our most compelling public issues and inspire new ideas, approaches and perspectives.
In a panel held on 10 October, we asked an authoritative panel of industry and academic experts to debate what should be the future direction of Australian taxation reform. Chaired by Tony Johnson, Monash Business School Business Advisory Board.
Dr Diane Kraal, Department of Business Law and Taxation, Monash Business School
Diane has held roles in the minerals resource sector as a management and financial accountant. She is an experienced CPA professional having worked with the ‘Big 4’. For eight years she was Manager (Taxation and Banking) at La Trobe University. Diane has worked in the financial services sector as the taxation manager with Australia's largest administrator of industry superannuation funds.
Diane has presented tax research papers at conferences both in Australia and overseas, including at the University of Cambridge, University of Houston and Groningen University.
Diane was a Visiting Fellow at the Australian National University followed by a visit to the International Monetary Fund (IMF) in Washington DC to pursue extractive industry tax issues.
The National Research Institute of Papua New Guinea (PNG) and the PNG Treasury appointed Dr Diane Kraal and Dr Craig Emerson (former Minister with the Australian government) to research petroleum and mining tax reform. Tax reform in PNG has the support of the IMF. PNG's National Budget 2017 broadly includes Kraal and Emerson’s petroleum and mining tax reform initiatives. In 2017-2018 Diane is conducting further research for the National Research Institute of PNG.
In July 2017 Diane was called as an expert witness to the Federal Senate inquiry into corporate tax avoidance in relation to Australia's offshore oil and gas industry. In 2018 Diane received the Monash Business School Dean’s Commendation for Research Impact. Diane’s latest research concerns tax and policy around biofuels.
Alf Capito, Senior Tax Partner and Leader of EY’s Tax Policy Group in Oceania
Alf Capito is the leader of EY’s Tax Policy Group in Oceania. Alf has more than 30 years’ experience and has been closely involved in the reform of Australia's international tax regime, and a regular presenter and commentator on tax issues.
Alf co-authored the White Paper prepared by the Business Council of Australia (BCA) which was used as a basis for the Australian Government’s Review of International Tax Arrangements (RITA). He was a member of the Treasury Steering Committee overseeing the design of the RITA measures. Alf also served as a member of the Australian Financial Centre Task Force, which authored the “Johnson” Report used to reform the tax landscape for Australia’s financial services sector.
He has been an adviser to the Board of Taxation and continues to be involved in tax policy and tax design reforms impacting corporate Australia as well as the region. Alf holds a Bachelor of Commerce and Bachelor of Laws from University of Melbourne and a Master of Laws from Monash University. He a member of the Institute of Chartered Accountants and Tax Institute of Australia.
Michael Andrew AO, Chair of the Board of Taxation
Mr Andrew was Chairman and CEO, KPMG International from May 2011 to July 2014. He is the first Australian CEO of one of the “big four” accounting firms and the first to be based in the Asia-Pacific region. A partner in KPMG since 1988, Michael practiced in Tax Law and was Partner in Charge of KPMG Tax Practice 1995-2000 and was Partner in Charge of KPMG International Tax Centre in Amsterdam from 1992-1994. Michael was Chairman of KPMG Asia-Pacific and Chairman, KPMG Australia from 2007 until 2011.
Mr Andrew was the Chair of the Australian B20 Working Group on Anti-Corruption and Transparency and its Global CEO Forum. Mr Andrew is a former member of the Business Council of Australia and the International Business Council of the World Economic Forum.
Mr Andrew has a degree in Law and Commerce from Melbourne University. He is a qualified Barrister and Solicitor of the Supreme Court of Victoria and Fellow of the Institute of Chartered Accountants. He was recently awarded an Honorary Doctor of Laws by Monash University and an Honorary Doctor of Commerce by Melbourne University. Mr Andrew was appointed Chairman to the Board of Taxation in January 2015 and his term renewed for a further two years commencing 1 January 2018.
Mr Andrew was appointed Chairman to the Black Economy Taskforce in December 2016 with the Taskforce to provide a final report to Government in October 2017.