This analysis of the long term impacts of bracket creep shows that Australian taxpayers at all income levels have received more in tax cuts than they have lost through bracket creep – in other words, they have already been overcompensated for bracket creep.
This analysis continues the Australia Institute's analysis of the effects of the Turnbull Government’s income tax plans, by looking at the distribution of the benefits by federal electorate.
We study optimal income tax progressivity in an environment where individuals are exposed to idiosyncratic income and health risks over the lifecycle. Our results, based on a calibration for the US economy, indicate that the presence of health risk combined with incomplete insurance markets amplifies...
The Turnbull Government’s proposed personal income tax cuts are the largest ever proposed in a federal budget. As is outlined in this submission, the substantial reduction in revenue is not obviously consistent with the government’s medium-term fiscal strategy.
This economic modelling, released by Infrastructure Australia, shows that introducing incentive payments to encourage the states and territories to progress nation-shaping infrastructure reforms could boost the economy by $66 billion and deliver better infrastructure for our growing cities and regions.
On 26 March 2018, the Senate referred an inquiry into the ‘Commitment to the Senate’ issued by the Business Council of Australia on 21 March 2018, and commitments to stronger wages and employment to the Senate Economics References Committee for inquiry. This is the interim...
This is the final report of the inquiry by the Senate Economics References Committee into corporate tax avoidance in Australia.
Submission to the Senate Economics Committee on the proposed income tax cuts, in which ACOSS recommends that these cuts be opposed in their entirety and lists the main reasons why.
This report looks at how health expenditure is paid for by federal, state and territory, and local governments, through taxation revenue.
This briefing note shows about two thirds of the benefit of the income tax cuts proposed will flow to men, while previous spending cuts have mainly disadvantaged women.
This report examines how the rules embedded in the tax and transfer system, especially in relation to the age pension, may impact on household choices.
The latest Turnbull Government budget proposes that Australia’s progressive tax system be overhauled to put the majority of workers on the same tax rate. This briefing paper models the distributionary effects of the proposal, showing the benefits flow overwhelmingly to the highest income earners.
This discussion document outlines the details of the government’s proposed offshore supplier registration (OSR) system, as it relates to GST on low-value, imported goods.
Australia is a low-taxing country. While tax debate in Australia tends to focus on tax rates, with endless comparisons of different countries’ rates of different taxes, these debates ignore the fact that Australia raises far less tax revenue than most developed countries.
This paper reviews the case for personal income tax cuts, the various forms they could take, and the budgetary scope for cuts. It then suggests what the priorities should be.
This exploratory paper draws on new data relating to payment of tax penalties for false and misleading statements. The data is subject to limitations and qualifications, as detailed in the paper. Overall, the data shows that the majority of financial penalties imposed on deliberate tax...
Inland Revenue is seeking feedback on a proposal to ring-fence losses on residential rental properties. The intention of the new policy is to level the playing field between speculators, investors and homebuyers.
This report argues that leaving council tax unreformed is becoming ever more unsustainable. Local authorities across the country are increasingly cash strapped, as a consequence of government cuts to their core grant funding and limits on their ability to raise funds through council tax and...