| 000 | 02217nab a2200241 c 4500 | ||
|---|---|---|---|
| 999 |
_c146670 _d146670 |
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| 003 | ES-MaIEF | ||
| 005 | 20221107183023.0 | ||
| 007 | ta | ||
| 008 | 221107t2022 at ||||| |||| 00| 0|eng d | ||
| 040 |
_aES-MaIEF _bspa _cES-MaIEF |
||
| 100 | 1 |
_970153 _aSutton, David |
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| 245 |
_aAustralia's small business capital gains and superannuation concessions _ba case for removing them _c David Sutton and Maithm Khaghaany |
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| 500 | _aResumen. | ||
| 520 | _aThe taxation of capital gains in Australia involves a suite of concessions for small business owners and a related concession for superannuation fund investments.These concessions are part of the taxation regime for three principal reasons: to stimulate small business investment in active assets, to stimulate the selfsufficiency of Australian retirees, and to create horizontal equity between explicit superannuation complying savings funds and de facto retirement savings implicit in the capital of small businesses. By removing the concessions extended to the capital gains of complying superannuation funds, a central part of the case for small business concessions is also removed. The case is made that the key arguments linking savings to investment to capital formation and associated social premiums in terms of increased economic growth are fundamentally flawed and, as economic efficiency is not materially enhanced by such concessions, the core case for these capital gains preferences fails. The argument from horizontal equity between complying superannuation funds and small business capital gains is essentially a “rider” to the argument from economic efficiency. If the economic argument fails, it follows that the horizontal equity considerations can readily be redressed by the elimination of both preferences. | ||
| 650 | 4 |
_943601 _aEMPRESAS PEQUEÑAS Y MEDIANAS |
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| 650 | 4 |
_943197 _aPLUSVALIAS |
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| 650 | 4 |
_943879 _aINVERSIONES EMPRESARIALES |
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| 650 | 4 |
_944403 _aFONDOS DE PENSIONES |
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| 650 | 4 |
_aAUSTRALIA _932206 |
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| 700 | 1 |
_970156 _aKhaghaany, Maithm |
|
| 773 | 0 |
_9168249 _oOP 1867/2022/3 _tAustralian Tax Forum: a journal of Taxation Policy, Law and Reform _w(IEF)103415 _x 0812-695X _g v. 37, n. 3, 2022, p. 357-382 |
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| 942 | _cART | ||