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Globalisation and the Dilemmas of Income Taxation in Australia
Citation
Eccleston, RG and Ganghof, S, Globalisation and the Dilemmas of Income Taxation in Australia, Australian Journal of Political Science, 39, (3) pp. 519-535. ISSN 1036-1146 (2004) [Refereed Article]
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Copyright Statement
The definitive published version is available online at: http://www.tandf.co.uk/journals
DOI: doi:10.1080/103614042000295129
Abstract
Over the past two decades there has been a worldwide fall in statutory corporate tax (CT) rates. Focusing on Australia, this article establishes three empirical facts which challenge much of the existing literature. First, CT competition was the crucial driving force behind CT cuts. Second, policy makers had to abandon tax-related investment incentives in order to pay for lower CT rates. This broadening of the CT base is costly, because it potentially disadvantages domestic firms and may, over the longer term, erode the CT base. Third, CT cuts have put pressure on the personal income tax base, as low corporate rates provide tax avoidance opportunities for high-income earners.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Research Division: | Human Society |
| Research Group: | Policy and administration |
| Research Field: | Public policy |
| Objective Division: | Law, Politics and Community Services |
| Objective Group: | Government and politics |
| Objective Field: | Political systems |
| UTAS Author: | Eccleston, RG (Professor Richard Eccleston) |
| ID Code: | 44763 |
| Year Published: | 2004 |
| Web of Science® Times Cited: | 20 |
| Deposited By: | Government |
| Deposited On: | 2007-06-19 |
| Last Modified: | 2010-06-18 |
| Downloads: | 2 View Download Statistics |
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