Tax reform: Priorities and prospects
Source: Taxation In Australia Journal Article
Published Date: 1 Sep 2011
Australia’s Future Tax System (AFTS) Review (the Henry Review) has provided a strategic direction for the future development of the tax and social transfer systems. This article considers the priorities and prospects for further tax reform in the coming few years. The author discusses previous tax reform processes in Australia, tax analysis, key drivers and their reform implications, and recent and current trends in tax reform overseas.
The article then examines Australia’s existing tax circumstances and strategies, constraints, especially political, on medium-term reform, and medium-term priorities and prospects for tax reform. Several reform possibilities are then examined, including tax on mainstream savings, retirement savings and income, land and land transfers, alcohol taxation, road pricing and funding, financial services, and achieving a more neutral business tax base.
The article then discusses the major structural tax reform proposals of the AFTS Review, and concludes with observations on the tax reform process.
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
Details
- Published By: Greg Smith
- Published On:1 Sep 2011
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