000			02022nab a2200241 c 4500
999			_c152249 _d152249
003			ES-MaIEF
005			20260512094735.0
007			ta
008			260511t2025 at ||||| |||| 00| 0 eng d
040			_aES-MaIEF _bspa _cES-MaIEF
100	1		_957805 _aMinas, John
245			_aJustice and the Australian income tax base _btaxing capital gains and trusts _c John Minas and Sonali Walpola
520			_aIn Australia, a tax preferential status is afforded to personal capital gains and trusts. The Australian approach to taxing the capital gains of personal taxpayers is deficient when evaluated on criteria related to justice and a sustanaible tax base. The capital gains tax (CGT) base is unjustifiably narrow, and the major CGT concession- the 50% CGT discount - mainly benefits high wealth individuals. The availability of the 50% CGT discount in the trusts setting compounds wealth and tax inequity issues in Australia. Trusts already have a tax-advantaged status owing to the fundamental basis upon which they are taxed in Australia. In this article, we consider the policy measures that entrenched the current inequities in these two areas of the Australian tax system and the options for reform. Against a background of growing wealth inequality and housing unaffordability, we propose three major tax reforms: a complete abolition of the 50% CGT discount for individuals and trusts, a restrictions of the CGT main residence exemption, and entity taxation for trusts, combined with special measures to annihilate the tax attractions of discretionary trusts.
650		4	_947553 _aJUSTICIA
650		4	_950199 _aIMPUESTO SOBRE LA RENTA DE LAS PERSONAS FISICAS
650		4	_943197 _aPLUSVALIAS
650		4	_948426 _aSISTEMA FISCAL
650		4	_941169 _aCONTRIBUYENTES
650		4	_932206 _aAUSTRALIA
700	1		_968538 _aWalpola, Sonali
773	0		_9175620 _oOP 1867/2025/3 _tAustralian Tax Forum: a journal of Taxation Policy, Law and Reform _w(IEF)103415 _x0812-695X _g v. 40, n. 3, 2025, p. 311-336
942			_cART