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Taxing Personal Capital Gains in Australia: An alternative way forward
journal contribution
posted on 2023-05-18, 13:16 authored by Evans, C, Minas, J, Lim, YThis article proposes the abolition of the 50% capital gains tax (CGT) discount for personal taxpayers and its replacement with a non-cumulative annual tax-free threshold for the taxation of capital gains. This reform, it is argued, would considerably enhance the equity, efficiency and simplicity of the Australian CGT regime, as well as providing a positive revenue outcome for the Treasury.
History
Publication title
Australian Tax ForumVolume
30Issue
4Pagination
735-761ISSN
0812-695XDepartment/School
TSBEPublisher
Taxation Institute of AustraliaPlace of publication
AustraliaRights statement
Copyright 2015 Australian Tax ForumRepository Status
- Restricted