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Taxing personal capital gains in Australia - is the discount ready for reform?
Citation
Minas, J, Taxing personal capital gains in Australia - is the discount ready for reform?, Journal of the Australasian Tax Teachers Association, 6, (1) pp. 59-67. ISSN 1832-911X (2011) [Refereed Article]
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Copyright Statement
Copyright 2011 UNSW Australian School of Business
Official URL: http://www.asb.unsw.edu.au/schools/taxationandbusi...
Abstract
The 50 per cent Capital Gains Tax discount for individuals has become an entrenched
feature of the Australian tax system, despite the fact that there was no promise of it
being a permanent tax reform at the time of its introduction in 1999. Although the
prospects for reform of the individual CGT in the immediate future appear limited, this
paper compares a number of alternative options for taxing individual capital gains.
The paper argues that the CGT discount need not be considered a permanent tax
change. The effects of the CGT discount should be subject to some empirical scrutiny in
order to ascertain whether it is achieving its original objectives.
Item Details
| Item Type: | Refereed Article |
|---|---|
| Research Division: | Law and Legal Studies |
| Research Group: | Law |
| Research Field: | Aboriginal and Torres Strait Islander Law |
| Objective Division: | Expanding Knowledge |
| Objective Group: | Expanding Knowledge |
| Objective Field: | Expanding Knowledge in Law and Legal Studies |
| UTAS Author: | Minas, J (Dr John Minas) |
| ID Code: | 76327 |
| Year Published: | 2011 |
| Deposited By: | Accounting and Corporate Governance |
| Deposited On: | 2012-03-05 |
| Last Modified: | 2015-01-02 |
| Downloads: | 0 |
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