A 'no-returns tax system' for Australia: Some inconvenient facts

Davidson, S 2009, 'A 'no-returns tax system' for Australia: Some inconvenient facts', Agenda: A Journal of Policy Analysis and Reform, vol. 16, no. 4, pp. 67-79.


Document type: Journal Article
Collection: Journal Articles

Title A 'no-returns tax system' for Australia: Some inconvenient facts
Author(s) Davidson, S
Year 2009
Journal name Agenda: A Journal of Policy Analysis and Reform
Volume number 16
Issue number 4
Start page 67
End page 79
Total pages 13
Publisher ANU College of Busines and Economics
Abstract It has been proposed that Australia adopt a 'no-returns' income tax system. One consequence of such a reform would be the standardisation, or even elimination, of work-related expense deductions. Using ATO data it is shown that in introducing a no-returns tax system and eliminating work-related expense deductions, the average Australian (making a claim) would save $268 on accountant fees but forgo $1860. In addition eliminating itemised work-related expense deductions would have a regressive impact.
Subject Public Economics- Taxation and Revenue
Keyword(s) Income Tax
Annual Returns
ATO
ISSN 13221833
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