International Tax in the Digital Age: A Blueprint for Allocating Profits. This project aims to investigate tax avoidance by multinational enterprises in the age of the digital economy. It addresses the difficult problem of determining the location in which profits are made. The project expects to generate new knowledge in international tax by developing a blueprint for allocating profits of multinational enterprises between jurisdictions that aligns with profit making activity and reduces intern ....International Tax in the Digital Age: A Blueprint for Allocating Profits. This project aims to investigate tax avoidance by multinational enterprises in the age of the digital economy. It addresses the difficult problem of determining the location in which profits are made. The project expects to generate new knowledge in international tax by developing a blueprint for allocating profits of multinational enterprises between jurisdictions that aligns with profit making activity and reduces international tax avoidance. A systematic structure for allocating profits of multinational enterprises will address the important problem of tax base erosion caused by profit shifting. This will provide the significant benefit of developing a major tool in securing Australia’s revenue base in the digital age.Read moreRead less
Venture capital (VC) and tax expenditure programs - an international comparative analysis of legal structures and benefits. VC investment is an important catalyst for economic growth. Many governments, including the Australian government, have designed schemes to encourage VC investment. This project compares VC schemes that exist in OECD and ASEAN countries. It will focus on "tax expenditure programs" and will analyse their legal structures and benefits. The results will be used to benchmark Au ....Venture capital (VC) and tax expenditure programs - an international comparative analysis of legal structures and benefits. VC investment is an important catalyst for economic growth. Many governments, including the Australian government, have designed schemes to encourage VC investment. This project compares VC schemes that exist in OECD and ASEAN countries. It will focus on "tax expenditure programs" and will analyse their legal structures and benefits. The results will be used to benchmark Australia's main VC schemes - the "PDF program" and "VCLP scheme". The research is designed to discover insights into alternative ways of stimulating VC investment as well as suggest areas for potential law reform and structural change. Findings will be published in refereed journal articles and an independent report provided to the Australian Government.Read moreRead less
Discovery Early Career Researcher Award - Grant ID: DE160101127
Funder
Australian Research Council
Funding Amount
$292,251.00
Summary
Cutting red tape around donations: A new model for deductible gifts. This project intends to simplify the categorisation of recipients of tax deductible gifts so that it is easy to give and receive gifts and so gifts go only to those organisations that are in keeping with public policy. Donations cost approximately $1.3 billion annually. It is therefore important that donation is a streamlined process that encourages social pluralism while ensuring there is a good use of public money. Research i ....Cutting red tape around donations: A new model for deductible gifts. This project intends to simplify the categorisation of recipients of tax deductible gifts so that it is easy to give and receive gifts and so gifts go only to those organisations that are in keeping with public policy. Donations cost approximately $1.3 billion annually. It is therefore important that donation is a streamlined process that encourages social pluralism while ensuring there is a good use of public money. Research indicates that the current approach to determining donation deductibility status is complex and out of step with government policy, public discourse and community needs. The proposed framework will be simple, take into account public policy and be adaptable to the community’s changing needs and values.Read moreRead less
The design and application of taxation laws to domestic and cross-border transactions triggered by carbon emissions trading schemes. The introduction of a national emissions trading scheme is the cornerstone of the Australian Government's response to climate change, the Carbon Pollution Reduction Scheme. The goal of this and other similar emissions trading schemes is the reduction of carbon emissions in the most cost effective manner. By promoting the harmonisation of the taxation treatment of p ....The design and application of taxation laws to domestic and cross-border transactions triggered by carbon emissions trading schemes. The introduction of a national emissions trading scheme is the cornerstone of the Australian Government's response to climate change, the Carbon Pollution Reduction Scheme. The goal of this and other similar emissions trading schemes is the reduction of carbon emissions in the most cost effective manner. By promoting the harmonisation of the taxation treatment of permits on an international level, this project will promote the establishment of a uniform price for carbon and thereby support global initiatives to reduce emissions. Only a coordinated international response has the potential to reduce global emissions and therefore mitigate the impact of climate change on Australians and the Australian economy.Read moreRead less
Defining, regulating and taxing the not-for-profit sector in Australia: Law and policy for the 21st century. The not-for-profit sector is crucial to the economy and social inclusion in Australia. The sector's role and significance is growing but it struggles with complex and disparate taxation requirements and piecemeal supervision by state and federal governments. This project addresses both the needs of the sector and public expectations of it by comprehensively researching legal definition, r ....Defining, regulating and taxing the not-for-profit sector in Australia: Law and policy for the 21st century. The not-for-profit sector is crucial to the economy and social inclusion in Australia. The sector's role and significance is growing but it struggles with complex and disparate taxation requirements and piecemeal supervision by state and federal governments. This project addresses both the needs of the sector and public expectations of it by comprehensively researching legal definition, regulation and tax rules and recommending appropriate reform, thereby making a significant contribution to National Priority Research area, Promoting and Maintaining Good Health and Well Being, Priority Goal 4, 'understanding and strengthening key elements of Australia's social and economic fabric'.Read moreRead less
Rebuilding fiscal federalism in Australia: reforming the financial relationship between the Commonwealth and the States. The finances of the Australian States in the modern day face serious structural challenges. The aim of this project is to analyse and develop appropriate alternatives for reform of fiscal federalism in Australia, which would allow the States to gain access to income tax revenue as a secure source of funding in the future.
Restoring State income taxation in Australia. This project aims to investigate the many design and implementation issues that would need addressing if State income taxation was restored in Australia. This issue has been debated for many decades since the Commonwealth assumed responsibility for income tax collection in 1942 as a wartime measure. The project’s highly innovative approach will involve interdisciplinary and comparative research, involving Australia, Canada, and the United States ....Restoring State income taxation in Australia. This project aims to investigate the many design and implementation issues that would need addressing if State income taxation was restored in Australia. This issue has been debated for many decades since the Commonwealth assumed responsibility for income tax collection in 1942 as a wartime measure. The project’s highly innovative approach will involve interdisciplinary and comparative research, involving Australia, Canada, and the United States and as well as an analysis of tax sharing arrangements in Germany. This project will contribute to understanding the policy issues associated with States access to revenue sources and provision of key social services.Read moreRead less
Mitigating tax barriers to trade and investment relations between Australia and the People’s Republic of China. China and Australia's conflicting tax rules and attitudes towards tax administration affect the level of trade, investment and labour mobility between the two countries. This project will explore and propose methods of reform for both the Chinese and Australian tax systems to strengthen our economic relationship.
Phoenix Activity: Regulating Fraudulent Use of the Corporate Form. Fraudulent phoenix activity is of great concern to Australian policymakers. It occurs where there is the deliberate liquidation of a company to avoid paying debts, but the business continues through another company, and in corporate groups through the liquidation of undercapitalised subsidiaries and transfer of business to other companies in the group. This behaviour causes huge losses in taxation revenue and large financial loss ....Phoenix Activity: Regulating Fraudulent Use of the Corporate Form. Fraudulent phoenix activity is of great concern to Australian policymakers. It occurs where there is the deliberate liquidation of a company to avoid paying debts, but the business continues through another company, and in corporate groups through the liquidation of undercapitalised subsidiaries and transfer of business to other companies in the group. This behaviour causes huge losses in taxation revenue and large financial losses for employees and unsecured creditors. To strengthen Australia’s economic fabric, this project aims to determine the optimal method of dealing with fraudulent phoenix activity through a thorough examination of all of its aspects in Australia and by a comparative analysis of international responses.Read moreRead less
Safeguarding the domestic tax base in a world without investment borders. Reform of Australia's tax rules applying to business investments abroad will ensure the continued protection of the domestic tax base while removing disincentives that discourage Australian enterprises from investing overseas and foreign enterprises from using Australia as a site for regional investment. Enabling more Australian firms to invest abroad and attracting foreign capital inflows by investors seeking to use Austr ....Safeguarding the domestic tax base in a world without investment borders. Reform of Australia's tax rules applying to business investments abroad will ensure the continued protection of the domestic tax base while removing disincentives that discourage Australian enterprises from investing overseas and foreign enterprises from using Australia as a site for regional investment. Enabling more Australian firms to invest abroad and attracting foreign capital inflows by investors seeking to use Australia as a politically stable platform for foreign investment will contribute to the restoration of a balance of payments equilibrium and strengthen the Australian economy vis-à-vis those of Australia's key regional trading partners.Read moreRead less