A Dual Income Tax System for Australian Small Business: Achieving Greater Tax Neutrality?
View/ Open
File version
Version of Record (VoR)
Author(s)
Trad, Barbara
Freudenberg, Brett
Griffith University Author(s)
Year published
2018
Metadata
Show full item recordAbstract
This article explores the notion of tax neutrality and its relationship to the taxation of business structures, especially for Australian small businesses. In particular, it analyses whether the introduction of a dual income tax (DIT) system, as advocated by Pitcher Partners could achieve this. It will be argued that a DIT does have the potential to improve tax neutrality and may remove business structural biases that exist in Australia. Furthermore, it will be argued that steps towards tax neutrality would be likely to be achieved through greater alignment of the individual marginal tax rates and that with businesses.This article explores the notion of tax neutrality and its relationship to the taxation of business structures, especially for Australian small businesses. In particular, it analyses whether the introduction of a dual income tax (DIT) system, as advocated by Pitcher Partners could achieve this. It will be argued that a DIT does have the potential to improve tax neutrality and may remove business structural biases that exist in Australia. Furthermore, it will be argued that steps towards tax neutrality would be likely to be achieved through greater alignment of the individual marginal tax rates and that with businesses.
View less >
View less >
Journal Title
Journal of Australian Taxation
Volume
20
Issue
1
Publisher URI
Copyright Statement
© 2018 Journal of Australian Taxation. The attached file is reproduced here in accordance with the copyright policy of the publisher. Please refer to the journal's website for access to the definitive, published version.
Subject
Taxation law
Economic development policy