Question 2 (200 words) (10 marks) In 2020 the world experienced the COVID 19 pandemic. This infection had an enormous impact of many individuals. It also impacted businesses, governments and economies. One impact the pandemic had was to put many government budgets into deficit as tax collections fell far below the governments spending. The Australian tax system has a heavy reliance on income tax and the taxation of the individual taxpayer.

Discuss potential changes to the Australian:

Tax mix

Tax unit

Types of tax, including new taxes

Which could be made to recover the deficit.