Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Miscellaneous 2007

Macroeconomic stabilisation and its implications for personal income tax reform in the lead-up to the 2007 Federal Election

Source: Australian Tax Forum Journal Article

Published Date: 1 Jul 2007

 
Recent debates concerning personal income tax reform have been dominated by microeconomic considerations such as the impact of marginal tax rates on labour force participation and the interactions between tax and social policy. In contrast the task of managing the macroeconomy has been left to central bankers and monetary policy. However, after 15 years of economic expansion in Australia there is growing awareness of the short-run “liquidity” effects of fiscal policy – or what Richard Musgrave described as the “stabilisation” role of taxation policy. This paper argues that for the first time in almost two decades these factors are influencing the Australian tax policy debate and are effectively limiting the prospects of radical tax reform.
Author(s)

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

Subscribe Now

Already a Subscriber? Login now

Download

Details

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

Miscellaneous 2007

Share this page