Personal income tax reform in Australia - development of a model. This project will produce a personal income tax model that can sustain the high revenue and other expectations imposed upon it, and yet deliver enhanced equity, efficiency and simplicity. The main benefits of developing such a model include the increased legitimacy of the income tax system, with enhanced compliance outcomes and a reduction in tax avoidance and evasion. Further benefits include reduced tax administrative and compli ....Personal income tax reform in Australia - development of a model. This project will produce a personal income tax model that can sustain the high revenue and other expectations imposed upon it, and yet deliver enhanced equity, efficiency and simplicity. The main benefits of developing such a model include the increased legitimacy of the income tax system, with enhanced compliance outcomes and a reduction in tax avoidance and evasion. Further benefits include reduced tax administrative and compliance costs, increased work effort and a positive ongoing contribution to GDP.Read moreRead less
Towards systemic reform of the Australian personal income tax: developing a sustainable model for the future. The personal income tax (PIT) is a vital component of the Australian tax system, largely untouched by recent (primarily business and indirect) tax reform. It currently faces major problems. Solutions need to be found to a variety of defects relating to the tax base, tax rates and tax administration.
The project aims to explore alternative PIT models that can sustain the high revenue a ....Towards systemic reform of the Australian personal income tax: developing a sustainable model for the future. The personal income tax (PIT) is a vital component of the Australian tax system, largely untouched by recent (primarily business and indirect) tax reform. It currently faces major problems. Solutions need to be found to a variety of defects relating to the tax base, tax rates and tax administration.
The project aims to explore alternative PIT models that can sustain the high revenue and other expectations imposed upon it, and yet deliver enhanced equity, efficiency and simplicity. By testing these models against world best practice and taxpayer, tax practitioner and tax administrator resistance, the project aims to develop and deliver a model that can attract community support alongside the achievement of traditional tax policy goals.Read moreRead less
Assessing and addressing tax system complexity in Australia. Tax reform and simplification are highly topical in government, business and the wider community, with many initiatives proposed or under way. This project will identify the key factors in tax system complexity, measure the costs it imposes upon taxpayers and develop complexity indices that can test new policy measures and monitor improvements.
Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income ma ....Understanding market mechanisms and determinants of transaction costs to achieve greater efficiency in Australian fixed-income markets. This project will provide information to policymakers and regulators, enabling the evolution of optimal fixed-income markets, with significant benefits for individuals and the national economy. These benefits will be both short-term (current wealth) and long-term (retirement saving). It will promote Australia as the leader in constructing optimal fixed-income markets, which can be applied to similar markets around the world. Finally, training research students will develop research infrastructure in Australia, and contribute to produce a generation of specialists who will increase Australia's international standing in financial research and its ability to manage an increasingly complex economy.Read moreRead less
An International Comparison of Corporate Financial Policy. Our research contributes to the finance discipline, corporate decision making and public policy. Existing empirical literature provides managers with insights on the impact of firm characteristics on corporate financial decisions. However, beyond suggesting that well-functioning banks, equity and bond markets are an integral part of corporate financing, no insight is provided as to the role played by the public policy, legal structures a ....An International Comparison of Corporate Financial Policy. Our research contributes to the finance discipline, corporate decision making and public policy. Existing empirical literature provides managers with insights on the impact of firm characteristics on corporate financial decisions. However, beyond suggesting that well-functioning banks, equity and bond markets are an integral part of corporate financing, no insight is provided as to the role played by the public policy, legal structures and the suppliers of capital. In a market such as Australia, where superannuation is a large and increasing part of corporate funding, this is a glaring omission. This study seeks to examine the impact of public policy, legal and institutional structures on these financial choices.Read moreRead less
Special Research Initiatives - Grant ID: SR0354764
Funder
Australian Research Council
Funding Amount
$10,000.00
Summary
Network on Integrated Regulation of Biotechnology: Law, Science and Ethics - The Bioreg Network. The Bioreg Network aims to coordinate the generation of innovative regulatory strategies and legally and ethically sound standards based on high-level scientific research results across disciplinary, organisational, institutional and jurisdictional boundaries in the area of biotechnology regulation. It will encourage open exchange of information and sharing of resources, development and implementati ....Network on Integrated Regulation of Biotechnology: Law, Science and Ethics - The Bioreg Network. The Bioreg Network aims to coordinate the generation of innovative regulatory strategies and legally and ethically sound standards based on high-level scientific research results across disciplinary, organisational, institutional and jurisdictional boundaries in the area of biotechnology regulation. It will encourage open exchange of information and sharing of resources, development and implementation of coherent and integrated research plans among researchers working on topics of common interest. The bringing together of academic, government, private research and regulatory organisations into one Network will generate long-term interactions resulting in a wide range of research programs addressing aspects of all four National Research Priority Areas.Read moreRead less
The Dynamics Shaping Underground Economic Behaviour. Tax evasion and the underground economy have recently become a topical issue in Australia. The underground economy is said to exist when a person either fails to declare cash earnings or overstates consumption expenditure in order to minimise their tax paying obligations. This current project will undertake the first international analysis of the behaviour of those participating in the underground economy and how these individuals respond to c ....The Dynamics Shaping Underground Economic Behaviour. Tax evasion and the underground economy have recently become a topical issue in Australia. The underground economy is said to exist when a person either fails to declare cash earnings or overstates consumption expenditure in order to minimise their tax paying obligations. This current project will undertake the first international analysis of the behaviour of those participating in the underground economy and how these individuals respond to changes in taxes and economic opportunities. The results will contribute to future decisions that may affect tax policy, tax audit programs and taxpayer compliance initiative strategies, particularly those affecting Australia. 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.
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
GST and the global economy: identifying the underlying causes of consumption tax conflicts affecting cross-border trade. This project will provide an independent analysis of the desirability of particular types of destination based jurisdictional rule in a GST/VAT in light of their effects on global trade and revenue collection. Focussing on basic principles, the project will assess the relationship between the ideal subject of the tax (consumption) and the practical effects of existing laws (wh ....GST and the global economy: identifying the underlying causes of consumption tax conflicts affecting cross-border trade. This project will provide an independent analysis of the desirability of particular types of destination based jurisdictional rule in a GST/VAT in light of their effects on global trade and revenue collection. Focussing on basic principles, the project will assess the relationship between the ideal subject of the tax (consumption) and the practical effects of existing laws (which tax their own peculiar concept of consumption). The inclusion of comparative research on developing and transition countries will enable Australia to assess the outcomes of the concurrent OECD and EC work in this area from a broader perspective and to evaluate the effects of its own laws on both global trade and the revenue of Australia and its trading partners.Read moreRead less