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dc.contributor.authorKenny, Paulen_US
dc.date.accessioned2019-02-15T03:49:12Z
dc.date.available2019-02-15T03:49:12Z
dc.date.issued2017-10
dc.identifier.citationTax opportunities for state governments (2017) 4(7) TAX 106en_US
dc.identifier.issn2203-9481
dc.identifier.urihttps://advance.lexis.com/api/permalink/ e7e34874-7e77-4738-9e22-d949fcf38604/? context=1201008&federationidp=SFHJ6R50981
dc.identifier.urihttp://hdl.handle.net/2328/38970
dc.descriptionCopyright © 2017 LexisNexis. This article is made available per the publisher's Content Sharing policy.en_US
dc.description.abstractThe potential tax opportunities for Australian state governments to broaden their tax bases can be illustrated by comparing the revenue raised by the current tax system with that of a sensible tax system (the tax gap). A number of tax enquiries have set out the general outline of a sensible tax structure. For examples, see the Asprey Report1 and the Draft White Paper,2 and more recently, the UK’s Mirrlees Review3 and Australia’s Henry Review.4 Such a sensible tax system allows the government to raise revenue and redistribute in the most efficient, fair and simple way. Under a sensible tax system it is necessary to spread the revenue base over a number of taxes, because the higher the tax rate on a particular tax, the higher the incentive to get around the tax rules. Also, there are limited ways you can redistribute if there is only one tax (eg, only a GST), so income and wealth taxes are needed. However, having 125 different Australian Government taxes produces excessive complexity and costs to the community. It is apparent from the above reviews that a sensible tax structure consists of far fewer and broader taxes that need to work in harmony together (as well as integrate with the social security benefit). A sensible tax structure should be generally aligned with comprehensive tax bases and the following package of seven taxes.en_US
dc.language.isoenen_US
dc.publisherLexisNexisen_US
dc.rightsCopyright © 2017 LexisNexis.en_US
dc.subjectTax lawen_US
dc.subjectTax baseen_US
dc.subjectAustralian statesen_US
dc.subjectGovernment revenueen_US
dc.titleTax opportunities for state governmentsen_US
dc.typeArticleen_US
dc.rights.holderLexisNexis.en_US
dc.rights.licenseIn Copyright


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