Disagreeable CGT

Article Abstract:

An Ernst and Young L.L.P. survey of chief financial officers revealed that 77% wanted changes made to the capital gains tax (CGT). Thirty-four percent favored a single capped rate of 30%. Twenty-eight percent wanted a system where indexation and averaging are removed, with a step-down rate of 50% over five years. Twenty-eight percent wanted indexation and averaging to remain, with exemptions for venture-capital and high-technology operations.

Corporate Capital Gains Taxes, Statistical Data Included, Surveys, Beliefs, opinions and attitudes, Chief financial officers, Public opinion, Capital gains tax, Ernst & Young L.L.P., Devine, Leigh

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It's the economy, stupid!

Article Abstract:

The federal government Australia elected in 1998 will face difficulties in managing the economy. Many people believe the country is facing a recession, and the new politicians must handle it carefully and help the country emerge from it quickly if they hope to be reelected in 2001. Economic growth is expected to slow for 1998-2000, while inflation will increase.

National Government, Public Administration, Financial Administration-Natl Govt, Economic aspects, Public finance, Political leadership

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Business may get its tax changes

Article Abstract:

Business tax reform may be implemented in Australia despite other tax and economic measures before the federal government. The review of the goods and services tax will not have an effect on the review of the business tax. If changes are not implemented there will be an effect on federal politics.

Corporate Income Taxes, Taxation, Corporations

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