Merci.
Thank you all very much for your presentations. They were really interesting and stimulating.
I think despite the differences in perspective, in some cases you all seemed to say the tax system should be attentive to the social outcomes. So I have a couple of questions to some of you, but I'll start with you, Shannon.
Certainly, you've advocated for tax cuts. My colleague here has just pointed out that you made the unusual recommendation of suggesting tax cuts for the highest bracket. Given that the taxes we have are a finite pool, how would you balance the need to provide the kinds of tax cuts the government is providing--I think it was $14.8 billion in corporate tax cuts--with little attention to the social outcomes?
We've just heard this morning, what was it, $550,000-some for the average house in Victoria. We know the problem we're having with affordability. I'm just wondering, how do you balance that?
Obviously, there's a balance issue, and the government needs to pay attention. I wonder if you could comment on it.