The Mirrlees Review's good tax system: Old world versus new world professor opinions
Source: Australian Tax Forum Journal Article
Published Date: 1 Sep 2015
This article examines the relevance of the 2012 UK Mirrlees Review's findings for its good tax system for taxpayers in the UK, Australia and New Zealand. This qualitative study on the Mirrlees Review's findings identifies and interviews a number of tax professors and an economist in these three comparable small to medium sized OECD countries. The three countries have similar cultural, social, economic and political customs and institutions that also facilitate a good comparison.
This article finds considerable consensus for much of the Mirrlees Review's good tax system with recent tax reviews in Australia (the 2009 Henry Review) and New Zealand (the 2010 Buckle Review), all preferring land tax, broad income and value added tax regimes. Reflecting this, a high level of consensus was found among the respondents for much of the good tax system. The responses also highlight a number of contentious areas that provide scope for further research. The respondents strongly agreed that political factors dominated tax design in the three countries. The responses further suggested that major tax reform is difficult but possible in the right circumstances. How to successfully achieve tax reform looms as a key area for further research.
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: Paul Kenny
- Published On:1 Sep 2015
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