This paper argues that an estate tax would make a useful contribution to the government’s tax armoury. The aging of the population means that the tax base is likely to be expanding well into the future. In addition the estate duty is useful because it is levied at a time when the one who accumulated...

The $7 billion needed for the Federal Government to fund the last two years of the Gonski plan can be easily financed. The Government has a potential revenue pool of at least $34 billion a year by reducing several tax concessions to high income earners and by clamping down on rampant tax evasion by high...

The largest tax concession in Australia is the capital gains tax (CGT) exemption for the main residence. Last year it cost the budget $46 billion and is predicted to cost the budget $189 billion over the next four years. Each year the cost of the CGT exemption on for the main residence costs the federal...

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. Introduction There is a large gap between what the Australian government raises in taxes and what it spends. As a result, the government has posted eight consecutive budget deficits , and...

Increases in the Goods and Services Tax (GST) are being advocated to help fund services provided by the States such as health care; to replace other indirect taxes such as Stamp Duties or Payroll Taxes; or to pay for income or company tax cuts. Many people are concerned about the impact of a higher GST...