Australia’s 50% CGT discount policy oversight? John Minas and Brett Freudenberg
By: Minas, John
.
Contributor(s): Freudenberg, Brett.
Material type: 
ArticlePublisher: 2020Subject(s): IMPUESTO SOBRE LAS RENTAS DEL CAPITAL | PLUSVALIAS | RENDIMIENTOS DE CAPITAL | IMPUESTOS | AUSTRALIA
In:
Australian Tax Forum: a journal of Taxation Policy, Law and Reform v. 35, n. 1, 2020, p. 88-107Summary: Since its enactment in 1999–2000, the 50% capital gains tax (CGT) discount has become an entrenched feature of the Australian tax system. This article critically evaluates the policy basis and evidence for the 50% CGT discount and is, in part, concerned with whether there is an overall justification for the preference. It is argued that the justifications made by policymakers in favour of the CGT discount, at the time of its enactment, lacked sound tax policy foundations. It follows that the case for the CGT discount continuing in its current form is diminished.
| Item type | Current location | Home library | Call number | Status | Date due | Barcode |
|---|---|---|---|---|---|---|
| Artículos | IEF | IEF | OP 1867/2020/1-4 (Browse shelf) | Available | OP 1867/2020/1-4 |
Browsing IEF Shelves Close shelf browser
| No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | No cover image available | ||
| OP 1867/2020/1-1 The case for tax in democracies | OP 1867/2020/1-2 Tax law, policy and energy justice | OP 1867/2020/1-3 Recognising the cost of purchased goodwill | OP 1867/2020/1-4 Australia’s 50% CGT discount | OP 1867/2020/1-5 Book-tax relations of large Australian companies | OP 1867/2020/2 Australian Tax Forum: a journal of Taxation Policy, Law and Reform | OP 1867/2020/2-1 To cap or not to cap? |
Resumen.
Since its enactment in 1999–2000, the 50% capital gains tax (CGT) discount has become an entrenched feature of the Australian tax system. This article critically evaluates the policy basis and evidence for the 50% CGT discount and is, in part, concerned with whether there is an overall justification for the preference. It is argued that the justifications made by policymakers in favour of the CGT discount, at the time of its enactment, lacked sound tax policy foundations. It follows that the case for the CGT discount continuing in its current form is diminished.
Click on an image to view it in the image viewer
There are no comments for this item.