Corporate Tax Reform in Australia: Lucky Escape for Lucky Country?

This material was first published by Thomson Reuters (Professional) UK Limited in Vann, R, 'Corporate Tax Reform in Australia: Lucky Escape for Lucky Country?', British Tax Review, 2013, No. 1, pp. 59-75 and is reproduced by agreement with the Publishers

Sydney Law School Research Paper No. 13/34

18 Pages Posted: 22 Apr 2013

See all articles by Richard J. Vann

Richard J. Vann

The University of Sydney Law School

Date Written: April 21, 2013

Abstract

This article considers the recent final (non) report of the Australian Business Tax Working Group which was set up to review how to finance a cut to the corporate income tax rate and/or whether Australia should adopt an allowance for corporate equity or other structural reform to the corporate tax system, subject to a strict revenue neutrality constraint. After outlining the broader political tax reform landscape in Australia, the article analyses the review and the reasons for its failure to come up with any concrete proposals on changes to the corporate tax, apart from a modest loss carry back that misses its mark in most cases.

Keywords: Australia, tax reform, corporate tax, tax rates, allowance for corporate equity, income tax base broadening

JEL Classification: K10, K30, K34

Suggested Citation

Vann, Richard J., Corporate Tax Reform in Australia: Lucky Escape for Lucky Country? (April 21, 2013). This material was first published by Thomson Reuters (Professional) UK Limited in Vann, R, 'Corporate Tax Reform in Australia: Lucky Escape for Lucky Country?', British Tax Review, 2013, No. 1, pp. 59-75 and is reproduced by agreement with the Publishers, Sydney Law School Research Paper No. 13/34, Available at SSRN: https://ssrn.com/abstract=2254726

Richard J. Vann (Contact Author)

The University of Sydney Law School ( email )

Faculty of Law Building, F10
The University of Sydney
Camperdown, NSW 2006
Australia
+61 2 9351 0206 (Phone)
+ 61 2 9351 0200 (Fax)

HOME PAGE: http://www.law.usyd.edu.au/about/staff/RichardVann/index.shtml

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