The impact of tax rate changes on capital gains realisations: evidence from Australia
Source: Australian Tax Forum Journal Article
Published Date: 1 Dec 2018
Australia experienced a major reduction to the rate at which capital gains are taxed on the introduction of the 50% CGT discount in the 1999'2000 fiscal year. Claims made at the time of this effective capital gains tax (CGT) rate reduction suggested it would lead to increased realisations as well as an increase in tax revenue. Using time series data from 1988'89 to 2014'15, the authors estimate the capital gains realisations response for Australian personal taxpayers. The authors' elasticity point estimates imply overall revenue losses from the introduction of the CGT discount.
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Details
- Published By: John Minas, Youngdeok Lim, Chris Evans
- Published On:1 Dec 2018
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