Tax reform: life in Costello's brave new world

Article Abstract:

Australia may have a new tax system after Mar 2000, with top personal tax rates at 39%-42%, corporate taxes at 33%, and a 10% GST, according to Michael Evans. Eliminating certain levies, such as the wholesale sales tax, might be compensated by higher charges elsewhere. Economic models are used to illustrate the effects of tax changes on several industries.

Economic aspects, Forecasts and trends, Cover Story, Sales tax

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Reform complexity shows up on payroll

Article Abstract:

Australia's business are pressing the government to eliminate the payroll tax as part of the nation's proposed tax reform policy. Nearly 40 industries have joined the Business Coalition on Tax Reform, a lobbying organization, in support. Payroll tax constitutes around 20% of total state revenue, but companies view it as an impost on hiring employees.

Tax reform, Payroll tax, Australia. Parliament

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Tax reform: nor for the hard sell

Article Abstract:

Prime Minister John Howard should focus immediately on tax reform, and he will need the help of independents before the Democrats gain more power in July 1999. Proposals by the Democrats for greater fairness include elimination of taxes on food and books, fewer tax cuts for people with high incomes, and provision of funds for local governments.

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