Download or read book Australian Business Tax Reform in Retrospect and Prospect written by Chris Evans and published by . This book was released on 2009 with total page 605 pages. Available in PDF, EPUB and Kindle. Book excerpt: Your consolidated guide to the latest thinking on tax reform from the industry experts. Australian Business Tax Reform in Retrospect and Prospect is a book collection of papers from the Australian Business Tax Reform in Retrospect & Prospect Colloquium 2009. Papers from leading national and international tax academics and practitioners are accompanied by corresponding commentaries, which address the key points of the papers and their application to the Australian context. Through analysis of local and overseas trends, Australian Business Tax Reform in Retrospect and Prospect provides a comprehensive record of the evolution of the Australian business tax system and what changes may lie ahead. Key issues explored include international tax rules for foreign investments, fiscal federalism, alternative company tax reforms, GST, environmental and resource tax issues, capital income taxation, tax expenditures and taxing small businesses. The only book to capture the current debate on the Australian Government's review of the business tax system, Australian Business Tax Reform in Retrospect and Prospect is an essential resource for practitioners looking at long-term forecasting.
Download or read book Small Business Tax Reform in Australia written by Paul Kenny and published by . This book was released on 2009-12 with total page 244 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Reform in Australia written by Neil A. Warren and published by . This book was released on 1990 with total page 152 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Ralph s Simplified Tax System written by Paul Kenny and published by . This book was released on 2013 with total page 17 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1996 the Commonwealth Government embarked on a campaign to helping Australia's 860,000 small businesses from the constraints of crippling taxes and red tape with the establishment of the Small Business Deregulation Taskforce. Notwithstanding the efforts of the taskforce the income tax laws have expanded from some 3,000 odd pages of legislation in 1996 to over 8,000 pages in 2002. Thus it is not surprising that the Government moved to simplify the tax system for small business with the massive tax reforms flowing from the 1999 Ralph Report. Consequently the new Simplified Tax System [STS] for small business was introduced on 1 July 2001. This paper firstly examines the Government's rationale for introducing the STS. Secondly, the paper reviews the state of play prior to the STS. Finally the paper seeks to critically review the legislation and find whether the reform will make the tax system any simpler for small business.
Download or read book Reform of the Australian Tax System written by Australia and published by Australian Government Publishing Service. This book was released on 1985 with total page 308 pages. Available in PDF, EPUB and Kindle. Book excerpt: White pape on the objectives of tax reform, issues of avoidance and evasion, personal income taxation, consumption taxation, wealth taxation and business taxation.
Download or read book Australia s Non Commercial Loss Restrictions for Small Business written by Paul Kenny and published by . This book was released on 2013 with total page 29 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a result of the Commonwealth Government's massive tax reform agenda flowing from the 1999 Ralph Report the non-commercial loss provisions [NCL] applied from the income tax year ended 30 June 2001 to tighten the extent to which individuals can offset losses from non-commercial activities against other income. Subsequently, in 2003 the Board of Taxation commenced a post-implementation review of the quality and effectiveness of the non-commercial losses legislation, and in 2004 submitted a confidential report to Treasury. This paper examines the bedding down process for the NCL legislation and seeks to critically review the legislation and find whether the reform will improve the tax system, or simply hinder entrepreneurship, existing and new small businesses. The paper finds that the NCL provisions greatly enhance tax equity and improve economic efficiency, albeit at the cost of increased complexity.
Download or read book The Complexity of Tax Simplification written by Simon James and published by Springer. This book was released on 2016-04-29 with total page 286 pages. Available in PDF, EPUB and Kindle. Book excerpt: Simplicity in taxation has considerable potential advantages. However, attempts to simplify tax systems are only likely to be successful and enduring if they take account of the reasons why taxation is complex. There are strong pressures on tax systems to accommodate a range of important factors, as well as complex and changing national and international environments within which modern tax systems have to operate. This book explores the experiences of simplification in a range of countries and jurisdictions. The authors analyse a range of manifestations of simplification, including tax systems, tax law, taxpayer communications and tax administration. They also review the longer term or more fundamental approaches to simplification, suggesting that in order to strike the optimum balance between simplicity and the aims of a tax system in terms of efficiency and equity, a range of complex environmental factors must all be taken into account. With chapters reflecting on experiences from Australia, China, Canada, Malaysia, New Zealand, Russia, South Africa, Thailand, Turkey, the UK and the US, the authors illustrate differences between jurisdictions and the changing environment in which they operate. This book addresses the crucial balance between simplicity and the other objectives of tax design and reform, and suggests that reformers of the tax system should include simplicity as one of the key evaluators of any design or reform proposal.
Download or read book The Unfinished Business of Australian Income Tax Reform written by Robert G. Carling and published by . This book was released on 2010 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt: Argues for lowering marginal rates of tax and the reform of tax deductions in order to make the system simpler and more transparent.
Download or read book Unrealised Gains written by Business Council of Australia and published by . This book was released on 2009 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication is the Business Council of Australia's final submission to the Australia's Future Tax System Review, chaired by the Secretary to Department of Treasury, Dr Ken Henry.
Download or read book Australian Business Tax Reform written by Tony Rumble and published by . This book was released on 1999-01-01 with total page 179 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Tax Reform in Australia a Business Perspective on Problems Progress and Prospects written by Neil A. Warren and published by . This book was released on 1990 with total page 14 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Australian Tax Reform in Retrospect and Prospect written by John G. Head and published by . This book was released on 1989 with total page 550 pages. Available in PDF, EPUB and Kindle. Book excerpt: Conference papers contributed by various authors. Topics include: Overview and international perspectives; Income tax reform; Consumption taxes, sales tax reform and tax mix change; Tax incidence and economic effects: estimates and methodology. Some of the delivered articles: "Taxation of fringe benefits" by D.J. Collins; "International aspects of tax reform in Australia" by Richard M. Bird; "U.S. tax reform" by Charles E. McLure; "New Zealand tax reform" by R.J. Stephens; "A value added tax for Australia" by G.M. Bascand; "Changes in Australian tax incidence between 1975-76 and 1984-85" by N.A. Warren.
Download or read book Modelling Australian Corporate Tax Reforms written by Chris Murphy and published by . This book was released on 2018 with total page 40 pages. Available in PDF, EPUB and Kindle. Book excerpt: As a small open economy, Australia can expect that foreign investors will add our corporate tax burden to the hurdle rate of return that they require to invest here, rather than absorb it. This discourages foreign investment and leaves local labour to bear the final burden of local corporate tax, discouraging labour supply. This double disincentive effect led Gordon to recommend against applying corporate tax in a small open economy. More recently, Auerbach, Devereux, Keen and Vella have argued that international profit shifting has added to the case against corporate tax in its current form. Australia further undermines the efficiency of corporate tax as a revenue raiser by returning a substantial portion of the revenue through a dividend imputation system that Fuest and Huber show is undesirable for small open economies. At the same time, Boadway and Bruce showed that corporate tax can be efficiently applied to the returns from immobile assets such as land, minerals and local market power, leading to calls to narrow the corporate tax base to only capture such economic rents. Using economy-wide modelling, this paper quantifies the substantial consumer benefits from tax reforms that reduce the corporate tax rate, narrow the base to economic rents, or replace imputation with less generous dividend tax concessions. The already substantial benefits of these business tax reforms have increased as a result of the US business tax changes under the recently-passed 2017 Tax Cuts and Jobs Act.
Download or read book OECD Tax Policy Studies Taxation of SMEs Key Issues and Policy Considerations written by OECD and published by OECD Publishing. This book was released on 2009-10-12 with total page 170 pages. Available in PDF, EPUB and Kindle. Book excerpt: This publication examines the taxation of SMEs in OECD countries and covers a broad range of SME taxation issues, including possible effects of taxation on the creation and growth of SMEs, and considerations arising from a relatively high compliance burden.
Download or read book Directions for State Tax Reform written by Owen Gabbitas and published by . This book was released on 1998 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Simplified Tax System for Small Business Or Just Another Tax Preference written by Paul Kenny and published by . This book was released on 2013 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In 1996 the Australian Government embarked on a campaign helping Australia's 860,000 small businesses from the constraints of crippling taxes and red tape with the establishment of the Small Business Deregulation Taskforce. Notwithstanding the efforts of the taskforce the income tax laws have expanded from some 3,000 odd pages of legislation in 1996 to over 8,000 pages in 2002. Thus it is not surprising that the Government moved to simplify the tax system for small business with these massive tax reforms flowing from the 1999 Ralph Report . Consequently the new Simplified Tax System [STS] for small business was introduced on 1 July 2001. This paper firstly sets out the criteria for a good tax system. Secondly, the paper reviews the state of play prior to the STS. Finally the paper examines the Government's rationale for introducing the STS and seeks to critically review the legislation and find whether the reform will improve the tax system having regard to the generally accepted tax policy criteria of equity, efficiency and simplicity. The paper finds that whilst the STS provides some tax relief for small business but there is no apparent gain to simplicity and there are costs to equity and economic efficiency.
Download or read book Tax Reform written by Institute of Chartered Accountants in Australia and published by . This book was released on 2011 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt: This policy document is designed to provide directions for the key areas of focus in the forward agenda, such as business tax, state tax, environmental and social taxes, the goods and services tax, personal tax and tax system governance.
