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Technical report

Tax equity: reforming capital gains taxation in Australia

21 Apr 2009
Description

This paper examines the question of whether Australia should continue to provide tax concessions amounting to well over $10 billion a year and concludes that it should not.

The paper includes a number of suggestions for reform, principally: eliminating the 50 per cent discount; incorporating all pre-1986 assets; deemed realisation of assets on death; and including owner-occupied housing above a certain value. These changes would raise a great deal of revenue, thus allowing for meaningful tax reform, and contribute to a sounder and fairer tax system.

Publication Details
Published year only: 
2009
72
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