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Mathias Cormann Warns Australia Must Overhaul Taxes and Embrace AI to Lift Productivity

The Daily Telegraph

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Restoring productivity growth to its historic average could leave Aussies at least $14,000 a year better off by 2035, as the OECD chief urges sweeping reforms to taxes, housing and regulation. SUBSCRIBE for more.

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OECD Secretary-General Mathias Cormann argues that Australia must accelerate the adoption of artificial intelligence and digital technologies to reverse a long-term productivity slump. The analysis suggests that restoring productivity growth to historic levels could significantly increase household income by 2035, emphasizing AI as a central pillar of economic reform. While the focus remains on economic benefits, the call for sweeping regulatory changes highlights the intersection of frontier technology implementation and national governance frameworks. This intervention underscores the growing pressure on Australian policymakers to manage the rapid integration of AI while addressing broader systemic risks.

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Cormann’s message to Albo to fix Australia’s cost of living squeezeRestoring productivity growth to its historic average could leave Aussies at least $14,000 a year better off by 2035, as the OECD chief urges sweeping reforms to taxes, housing and regulation. SUBSCRIBE for more. All your news for a great price Unlock this story and more with your subscription Full Digital Access What’s included A refreshed puzzle experience Unlimited articles on app & web Subscriber-exclusive newsletters A digital version of Today’s Paper Pay As You Go No lock-in contract $1 a month for 2 monthsThen $35 charged monthly.* *Read the fine print Full Digital Access $1 charged monthly for a duration of 2 months, after which it automatically renews at $35 charged monthly. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after any early discounted periods may be varied as per full Terms and Conditions. See www.dailytelegraph.com.au/subscriptionterms for full details. Annual Offer Lock in & save $99 Upfront for 12 months Then $17 charged monthly.* *Read the fine print Full Digital Access $99 charged upfront for the first 12 months then automatically renews to $17 charged monthly. Renewals occur unless cancelled as per full Terms and Conditions. Each payment, once made, is non-refundable, subject to law. Not in conjunction with any other offer. New customers only. Prices after the first 12 months may be varied as per full Terms and Conditions. See www.dailytelegraph.com.au/subscriptionterms for full details. Subscribe Other subscription options Print + Digital Subscriptions Corporate Subscriptions Student Subscription Verified journalism. Expert analysis. Study smarter and stay informed with a student subscription View offer View offer Your Selection: $0 Your Selection – Change selection Today’s Total $0 Read the fine print Terms and Conditions Sorry, we are unable to process your request at this time. Please try again later.