Australia's Future Tax System

Consultation Paper

Contents

Foreword

71KB

The Australia's Future Tax System Review Panel

94KB

Acronyms

81KB

Executive summary

118KB

Introduction

100KB

Section 1: Challenges and opportunities for reform

166KB

1.1 Challenges and opportunities facing Australia and what they mean for the tax-transfer system

1.2 Tax-transfer features to respond to these challenges and opportunities

Section 2: The structure of the tax-transfer system

122KB

2.1 The legal structure of the tax-transfer system

2.2 The economic structure of the tax-transfer system

2.3 The administrative structure of the tax-transfer system

Section 3: The revenue mix

182KB

3.1 The mix of conventional taxes

3.2 Taxing the returns to work and saving

3.3 Taxing consumption

3.4 User charges and beneficiary taxation

Section 4: Personal tax and transfers

285KB

4.1 Personal income tax

4.2 Fringe benefits tax

4.3 The transfer system

4.4 The adequacy of support for people of working age

4.5 Participation incentives and the tax-transfer system

4.6 The tax-transfer system and skills acquisition

4.7 Combined impacts of the tax and transfer systems

Section 5: The retirement income system

67KB

Section 6: Taxing business and investment

258KB

6.1 International tax competitiveness and domestic investment

6.2 Achieving international tax competitiveness

6.3 Australia as a location for international businesses

6.4 Investment and risk-taking biases

6.5 Biases affecting commercial decisions

6.6 The treatment of small business

6.7 Biases in the personal investments of residents

Section 7: Not-for-profit organisations

102KB

Section 8: Complexity — cost, risk and transparency

118KB

8.1 Complex policies and objectives

8.2 Simpler interaction with the system — who should bear the burden of complexity?

8.3 Certainty and transparency in the running of the system

Section 9: State and local taxes and transfers

136KB

9.1 Funding expenditure responsibilities in the federation

9.2 State and local taxes and other own-source revenue

9.3 Redistribution in the federation

9.4 Streamlining tax-transfer administration in the federation

9.5 Other issues

Section 10: Tax and transfer impacts on housing

157KB

10.1 Housing taxes and transfers

10.2 Impact on housing affordability

10.3 Impact of specific taxes and transfers on the efficient use of the housing stock and residential land

Section 11: Taxes on specific goods and services

119KB

11.1 Taxes on alcohol

11.2 Taxes on tobacco

11.3 Luxury car tax

11.4 Other issues

Section 12: Fuel, roads and transport

119KB

12.1 Efficiency of motor vehicle-related taxes

12.2 Taxation of alternative fuels

12.3 Different modes of transport

12.4 Other issues

Section 13: Tax-transfer impacts on the environment

84KB

13.1 Using the tax-transfer system to manage environmental issues

13.2 Environmental impacts of the current tax-transfer system

Section 14: Natural resource charging

86KB

14.1 Non-renewable resources

14.2 Renewable resources

Appendix A: Terms of reference

47KB

Appendix B: List of submissions

119KB

Appendix C: Analysis of submissions

49KB

Appendix D: Research commissioned by the Review Panel

44KB

Appendix E: Business level expenditure tax designs

84KB

References

98KB