Tony Abbott offers advice to Malcolm Turnbull on tax reform.

“Changing the tax burden from income to spending makes sense but only if overall taxes become lower, simpler and fairer.”

“As a potential reformer, Malcolm Turnbull has the advantage of being relatively unbound by previous commitments but still faces the problem of how to deal with the “no one can be worse off’ mindset that makes serious reform so hard.”

“The real challenge, in Australia as in Britain, is how responsibly to spend less on short-term consumption and more on long-term investment in infrastructure and national security.”

There’s more than just tax at the link as well.