CGT the next barrier and Labor may help knock it down

Article Abstract:

Both the Democrats and the Australian Labor Party (ALP) agree that Australian capital gains taxes must be reduced to be competitive with the United States. Capital gains tax at the personal income tax rate is close to 50%. Also, the 36% corporate tax rate does not make Australia globally competitive. John Ralph and his taxation review committee are taking into account global taxation trends before making governmental recommendations.

United States, Corporate Tax Rates, Tax Reduction, Management, Australia, Corporate taxes, Taxation, Tax policy, Capital gains tax, Tax rates, Ralph, John

---

Costello plays the first of three cards

Article Abstract:

The Australian budget for 1998-1999 shows a $2.7 billion surplus, and a prosperous year is predicted. However, the economic disasters in Asia caused a fall in orders, and the business confidence index fell about 9%. To maintain the rising surplus, government costs should be cut, with measures such as requiring copayments for health care by the middle-class and wealthy.

Legislative Bodies, Budget, Administration of Public Health Programs, Health Programs, Economic aspects, Medical care, Public health, Costello, Peter

---

Why a 39% top tax rate is in the bag

Article Abstract:

The Australian budget proposal for 1998-99 is expected to produce a lower income tax, because the Treasury predicts increasing surpluses. This scenario may fail if interest rates rise. Government expenditures in 1997-98 did not exceed those for the previous year. The growth rate of investment in housing, which was 8% in 1997-98, is expected to slow.

Personal Income Taxes, Forecasts and trends, Column, Income tax, Personal income tax

Similar abstracts:

• Abstracts: The effects of familiarity with the preparer and task complexity on the effectiveness of the audit review process
• Abstracts: New data standard may help Internet compete with TV. Intelligent software finding niche; commercial, not military, applications drive expansion
• Abstracts: Deal to create the largest interactive ad agency. S.E.C. crackdown on technology write-offs
• Abstracts: The media shop that breaks all the rules. A liberated campaign does wonders for the client's liquidity
• Abstracts: Staff productivity chases US levels. Auditors make a feast of the overlooked crumbs

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.