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- Title
PERSONAL INCOME TAX REFORM IN AUSTRALIA: A SPECIFIC PROPOSAL.
- Authors
Tran-Nam, Binh; Vu, Linh; Andrew, Brian
- Abstract
Australian personal income tax (PIT) currently faces major problems. Recent calls for PIT reform have been made from many quarters of Australian society. This paper reports on some early findings of an ARC Linkage project on PIT reform. In the first phase of this project, STINMOD, a microsimulation model, is used to construct and test a series of hypothetical PIT packages in order to establish which packages can best deliver the required policy outcomes. Under the principles of revenue-neutrality and incrementality, a preferred PIT package with a broader tax base and a flatter tax rate structure is derived. It is shown that this PIT proposal outperforms the current PIT with respect to all traditional criteria for good tax policy.
- Subjects
AUSTRALIA; INCOME tax; STATISTICAL matching; TAX rates; REVENUE
- Publication
Economic Analysis & Policy, 2007, Vol 37, Issue 2, p163
- ISSN
0313-5926
- Publication type
Article
- DOI
10.1016/S0313-5926(07)50018-4