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Media statement: Tax and social security reforms which could accompany the carbon pricing scheme

24 March 2011

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In response to an enquiry from The Australian newspaper, Ross Garnaut has issued the following statement in relation to the position of the Garnaut Climate Change Review ? Update 2011 on tax and social security reforms which could accompany the carbon pricing scheme:

"There is an opportunity for the revenue to be returned to households in productivity-raising reforms of the tax and social security system. There are multiple ways in which this could be achieved. In releasing my report last week, I said that the Henry Review provided a possible model for returning the revenue. However it is done, it is important that the changes increase incentives for labour force participation."

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