OK, any cuts or increases in taxes will have critics as they will always affect someone but the below I feel are actually valid ways on cutting government expenditure: 1. Close multinational corporate tax loopholes. 2. Get rid of family trusts. Family trusts do have some valid structural purposes, but are used mostly to reroute income, and hence reduce tax. 3. End salary packaging. 4. Remove deductions for work-related expenses. One of the larger categories of deductions each year, work-related expenses, are part and parcel of doing your job and being paid for it. Ditto self-education expenses. If you need it, your employer should either reimburse you for it, or your pay should reflect it. It's not the taxpayer's job to underwrite those expenses for you. 5. Wind back superannuation deductions. This is the elephant in the room. Super is not designed to to act as a tax-advantaged wealth-building tool for multi-millionaires. Nor serve tax efficient inter-generational estate planning. Concessional tax rates should apply up to the point your super allows you to no longer be a burden to the pension system -- after that, you should pay full tax. 6. Stop franking refunds. I'm talking about those in pension phase of super who not only pay zero tax, but in addition receive a refund from the ATO of tax previously paid by companies on their dividends.