In-house Treasury lawyer Matt Woolley was co-winner of a Tax Policy Scholarship Charitable Trust competition which invited tax professionals aged under 35 to submit proposals that outline a significant reform of the tax system.

Matt shared the $7,000 with Talia Smart from IRD.

His proposal discussed a fully integrated tax system that attributes all company income to shareholders.

Under that approach, businesses would pay tax on behalf of shareholders based on their marginal rates.