Definitely. If the BBC stopped competing with the private sector by making programmes like Eastenders and Strictly, which are ideal for mass-market commercial TV, then it could even be paid for without any increase in tax. The Australian equivalent is paid for from general taxation.
Why do they have to send production teams to far-off places to cover events, staying at the best hotels, when they could hire a local stringer to report in for them?
It's a public service broadcaster which thinks it's an institution.
It does produce some excellent stuff and could still do that if financed by taxation and run more efficiently.