Hockey re-examining Labor's tax plans

THE failure of the former federal government to deliver a range of proposed tax measures hurt business confidence and investment, tax experts say.

Coalition Treasurer Joe Hockey on Friday promised the new government would re-examine the measures with a view to completing the legislative task.

More than 100 Labor tax measures are on the table.

BDO Tax Partner Mark Molesworth said the government should also promise not to implement retrospective changes to the tax system.

"While the government has confirmed it will be repealing the loss carry-back legislation, we're calling on the coalition to commit to not making this retrospective," he said in a statement on Friday.

Tax Institute senior tax counsel Robert Jeremenko agreed, saying business confidence had been eroded "by a tax system that is constantly being built and rebuilt on shifting sands".

CPA Australia CEO Alex Malley said the election of a new government had resulted in a renewal of business confidence.

"If Australia was voting for anything, incredibly, it was predictability," he told Sky News.

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