With a federal election just around the corner, new analysis from The Australia Institute reveals 63 billion reasons why our next Parliament should improve the nation’s tax system.

For decades, the Liberal Party has prided itself on being the “party of lower taxes”.

Australia is one of the lowest-taxing countries in the developed world. While it is sometimes suggested that Australian governments spend too much, the reality is that Australia raises very little tax revenue compared to similar countries. Insofar as Australian governments have a problem balancing revenue and spending, that problem lies in the level of revenue