IDEAS home Printed from https://ideas.repec.org/a/bla/ecorec/v73y1997i223p373-386.html
   My bibliography  Save this article

Options and Prospects for Taxation Reform

Author

Listed:
  • JOHN FREEBAIRN

Abstract

Australian taxation faces growing revenue, efficiency, equity and complexity problems. Replacing the present hybrid mix of taxes on income with either a comprehensive income or expenditure base is a worthy radical reform option. Alternatively, several income base broadening measures to fund rate reductions are explored. Reform of indirect taxes levied by the States as well as the Commonwealth might follow two directions; a broad based consumption tax for general revenue raising; and additional special taxes for externalities. Changing the tax mix brings uncertain net efficiency gains and politically contentious redistributive effects.

Suggested Citation

  • John Freebairn, 1997. "Options and Prospects for Taxation Reform," The Economic Record, The Economic Society of Australia, vol. 73(223), pages 373-386, December.
    • Handle: RePEc:bla:ecorec:v:73:y:1997:i:223:p:373-386
    DOI: 10.1111/j.1475-4932.1997.tb01009.x
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/j.1475-4932.1997.tb01009.x
    Download Restriction: no
    File URL: https://libkey.io/10.1111/j.1475-4932.1997.tb01009.x?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    References listed on IDEAS

    as
    1. Randolph, William C. & Rogers, Diane Lim, 1995. "The Implications for Tax Policy of Uncertainty About Labor-Supply and Savings Responses," National Tax Journal, National Tax Association;National Tax Journal, vol. 48(3), pages 429-446, September.
    2. John Freebairn, 1997. "Taxation Reform: Some Economic Issues," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(1), pages 57-70, March.
    3. Jeff Pope, 1993. "Compliance Costs Of The Wholesale Sales Tax/Payroll Tax And The Proposed Goods And Services Tax," Economic Papers, The Economic Society of Australia, vol. 12(1), pages 69-77, March.
    4. Creedy, J., 1993. "The Role of Selectivity in Consumption Taxation: Should Consumption Taxes be Uniform?," Economic Analysis and Policy, Elsevier, vol. 23(1), pages 1-13.
    5. Ingles, D, 1997. "Low Income Traps for Working Families," CEPR Discussion Papers 363, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    6. Randolph, William C. & Rogers, Diane Lim, 1995. "The Implications for Tax Policy of Uncertainty About Labor-Supply and Savings Responses," National Tax Journal, National Tax Association, vol. 48(3), pages 429-46, September.
    7. Matt Benge, 1997. "Taxes, Corporate Financial Policy and Investment Decisions in Australia," The Economic Record, The Economic Society of Australia, vol. 73(220), pages 1-15, March.
    8. Albon, Robert & Findlay, Christopher & Piggott, John, 1984. "The Welfare Costs of Owner-Occupier Housing Subsidies: Inflation, Tax Treatment, and Interest Rate Regulation," Australian Economic Papers, Wiley Blackwell, vol. 23(43), pages 206-218, December.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. J. Freebairn, 1997. "1997 Shann Memorial Lecture: Options & Prospects for Taxation Reform," Economics Discussion / Working Papers 97-20, The University of Western Australia, Department of Economics.
    2. R. Lahiri, 1997. "Liquidity Effects and Optimal Monetary Policy in a Variable Time Preference Framework," Economics Discussion / Working Papers 97-21, The University of Western Australia, Department of Economics.
    3. Hanson, Kenneth & Somwaru, Agapi, 2003. "Distributional Effects of U.S. Farm Commodity Programs: Accounting for Farm and Non-Farm Households," Conference papers 331120, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    4. Douglas W. Elmendorf, "undated". "The Effect of Interest-Rate Changes on Household Saving and Consumption: A Survey," Finance and Economics Discussion Series 1996-27, Board of Governors of the Federal Reserve System (U.S.), revised 10 Dec 2019.
    5. Atallah, Gamal, 1998. "Les impôts sur le revenu et l’offre de travail des femmes mariées : une revue de la littérature," L'Actualité Economique, Société Canadienne de Science Economique, vol. 74(1), pages 95-128, mars.
    6. Creedy, John & Gemmell, Norman, 2015. "Taxation and the User Cost of Capital : An Introduction," Working Paper Series 19269, Victoria University of Wellington, Chair in Public Finance.
    7. John Freebairn, 1995. "Reconsidering the Marginal Welfare Cost of Taxation," The Economic Record, The Economic Society of Australia, vol. 71(2), pages 121-131, June.
    8. Matt Benge, 1998. "Depreciation Provisions and Investment Incentives under Full Imputation," The Economic Record, The Economic Society of Australia, vol. 74(227), pages 329-345, December.
    9. Leimbach, Marian & Edenhofer, Ottmar, 2005. "Capital mobility and spillovers within a modular approach to multi-region modeling," Conference papers 331342, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    10. Ashley Winston, 2001. "Developing a Cost of Capital Module for Computable General Equilibrium Modelling," Centre of Policy Studies/IMPACT Centre Working Papers op-96, Victoria University, Centre of Policy Studies/IMPACT Centre.
    11. Orbeta, Aniceto Jr. C. & Llanto, Gilberto M. & Sanchez-Robielos, Maria Teresa & Tang, Marie Christine, 1998. "A Study of Housing Subsidies in the Philippines," Discussion Papers DP 1998-42, Philippine Institute for Development Studies.
    12. Richard Fabling & Norman Gemmell & Richard Kneller & Lynda Sanderson, 2013. "Estimating Firm-Level Effective Marginal Tax Rates and the User Cost of Capital in New Zealand," Working Papers 13_14, Motu Economic and Public Policy Research.
    13. Ann Harding & Quoc Ngu Vu & Alicia Payne & Richard Percival, 2009. "Trends in Effective Marginal Tax Rates in Australia from 1996–97 to 2006–07," The Economic Record, The Economic Society of Australia, vol. 85(271), pages 449-461, December.
    14. Peter Dawkins & John Freebairn, 1997. "Towards Full Employment," Australian Economic Review, The University of Melbourne, Melbourne Institute of Applied Economic and Social Research, vol. 30(4), pages 405-417, December.
    15. Kemfert, Claudia & Kremers, Hans, 2003. "A Computable General Equilibrium Assessment of a Developing Country Joining an Annex 1 Permit Trading Market," Conference papers 331095, Purdue University, Center for Global Trade Analysis, Global Trade Analysis Project.
    16. David Ingles, 2000. "Rationalising the Interaction ofTax and Social Security: PartI: Specific Problem Areas," CEPR Discussion Papers 423, Centre for Economic Policy Research, Research School of Economics, Australian National University.
    17. Fabling, Richard & Gemmell, Norman & Kneller, Richard & Sanderson, Lynda, 2013. "Estimating Firm-Level Effective Tax Rates and the User Cost of Capital in New Zealand," Working Paper Series 18787, Victoria University of Wellington, Chair in Public Finance.
    18. John C. Handley & Krishnan Maheswaran, 2008. "A Measure of the Efficacy of the Australian Imputation Tax System," The Economic Record, The Economic Society of Australia, vol. 84(264), pages 82-94, March.
    19. Fehr, Hans, 1999. "Welfare Effects of Dynamic Tax Reforms," Beiträge zur Finanzwissenschaft, Mohr Siebeck, Tübingen, edition 1, volume 5, number urn:isbn:9783161470165, September.
    20. Smyth, Russell, 2014. "Myths and Misconceptions in the Tax Mix Debate," MPRA Paper 59271, University Library of Munich, Germany.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ecorec:v:73:y:1997:i:223:p:373-386. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: https://edirc.repec.org/data/esausea.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.