The States and the GST - Demystifying Australian federal/state financial arrangements
Source: Australian Tax Research Foundation
Published Date: 1 Jan 2007
While there is considerable debate in Australia about the role of the States and their relationship with the Commonwealth, in the Australian community at large, and even among tax professionals, there is a widespread lack of understanding of the way in which the financial relations between the Commonwealth and the States are organised. As a result, there is a general inability to assess the criticisms being made of the 1999 Intergovernmental Agreement (IGA) under which the current earmarking of GST revenue to the States has been agreed with the Commonwealth.
The objective of this publication is to assist in remedying this lack of understanding. It provides an explanation, in terms comprehensible to the intelligent layperson, of the workings of the system under the 1999 IGA, its financial implications, criticisms which have been made, and reform proposals. The publication attempts to take a balanced and neutral approach, rather than to recommend a particular package of reforms. Its intention is to inform, not to persuade.
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Already a Subscriber? Login now
Details
- Published By: David Collins
- Published On:1 Jan 2007
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
Copyright Statement
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags
Share this page