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Tax reform is once again squarely on the Australian policy agenda, with the review of Australia’s Future Tax System (the Henry Review or the review) now under consideration. Although personal income tax has been reshaped over many years and undoubtedly lightened over the past 10...
This paper considers the arguments for and against greater use of a sovereign wealth fund in Australia. It argues that the existing Future Fund is unnecessary and that greater use of a sovereign wealth fund would harm Australia’s future prosperity.
Sovereign wealth funds (SWFs)...
This pamphlet aims to provide detailed coverage of where Australian tax dollars are spent.
Taxation is imposed through the coercive power of the state. Politicians often speak of “asking” taxpayers to pay more of this or that tax, but in reality...
This paper argues that criticism of tax concessions has lost sight of the legitimate reasons for many of them.
While action is needed to correct structural budget deficits, the criticism of tax concessions has lost sight of the legitimate reasons for...
Australian taxpayers face a future tax increase of $1,180 a year on average if nothing is done about bracket creep, according to this report.
There is a large gap between what the Australian government raises in taxes and what it spends....
Without any change in personal income tax rates or thresholds, the tax burden will increase substantially and many more taxpayers will face high marginal rates over the next few years. Increasing the thresholds for some or all marginal tax rates to match past growth in...
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 paper discusses the history of cash refunds of excess franking credits, and the impact abolition would have on taxpayers, markets and revenue.
This paper looks at the evolution of capital gains tax (CGT) to this point, including how past reforms were justified. It then examines whether discounting capital gains or indexing for inflation — or indeed, a combination of the two — is the better model. The...
This paper explores the hypothesis that growth of government has become self-sustaining through the emergence of a segment of the population that both enjoys sufficient direct support from government and is large enough that political parties shape policies to curry its favour.