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FLAWED: Current weakness in the iron ore price makes it even less likely the MRRT will raise significant revenue.

Big scope for tax review

Tax compliance costs hit all businesses, from small operators to big miners, and need to be addressed.

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How about tax incentives for investments in Australian listed companies and accelerating incentives for additional investments in the same companies? What about zero tax applicable to company dividends? How about flat / reduced rate income tax and increased rate of consumption tax? It can't be that difficult can it? Govt receipts have to balance, or exceed, govt expenditures. That's how every other entity in the country has to operate.

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