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dc.contributor.authorMortimore, Anna
dc.date.accessioned2017-09-03T23:31:49Z
dc.date.available2017-09-03T23:31:49Z
dc.date.issued2015
dc.identifier.issn0812695X
dc.identifier.urihttp://hdl.handle.net/10072/91445
dc.description.abstractAbstract: In the year to December 2013, emissions from Australia's transport sector increased by 53.5% compared to 1990 levels. The domestic transport sector now accounts for over 70% of liquid fuels consumed in this country, with passenger vehicles being the largest source of emission in this sector. Currently, the Australian Government has no fiscal instruments for mandatory fuel efficiency or carbon emission targets to reduce road transport emissions. Part 1 of the two-part series provided ex-post evidence that reforming vehicle purchase taxes/stamp duty differentiated on the basis of CO2 emissions was an effective measure to significantly reduce road transport emissions. In 2009, the Council of Australian Governments (COAG) recommended that vehicles purchase taxes be reformed on the basis of new vehicles' "environmental performance", and proposed the Australian Capital Territory's (ACT's) vehicle purchase tax/stamp duty as one model for this approach. However, the 2010 Henry Report rejected COAG's recommendation. This article revisits the COAG's recommendations and provides an analysis for Australia's policy makers on whether the tax design and price signal of ACT's vehicle purchase tax provides a model to be adopted by the rest of Australia, or whether an alternative instrument is recommended. The literature review suggests that to achieve significant reductions in average CO2 emissions from new light vehicles will depend on the choice of tax design, a strong up front price signa4 level of tax differential, public acceptance, and the interaction of other complementary tax policy measures. The article will assist policy makers in designing tax policy measures for the proposed Energy White Paper in 2015. In turn, this proposal will meet the objectives outlined in the Issues Paper that is, to encourage a behavioural change in buyers that could lead to their choosing fuel - efficient, low - carbon emitting new vehicles, as well as to help address the barriers and challenges to reforming vehicle purchase taxes/stamp duty.
dc.description.peerreviewedYes
dc.languageEnglish
dc.language.isoeng
dc.publisherTaxation Institute of Australia
dc.publisher.placeAustralia
dc.publisher.urihttp://www.taxinstitute.com.au/tiausttaxforum/will-cars-go-green-in-the-act-a-case-study-of-the-reformed-vehicle-stamp-duty
dc.relation.ispartofpagefrom205
dc.relation.ispartofpageto254
dc.relation.ispartofissue1
dc.relation.ispartofjournalAustralian Tax Forum
dc.relation.ispartofvolume30
dc.subject.fieldofresearchPolitical Science not elsewhere classified
dc.subject.fieldofresearchEnvironment Policy
dc.subject.fieldofresearchAccounting, Auditing and Accountability
dc.subject.fieldofresearchPolicy and Administration
dc.subject.fieldofresearchLaw
dc.subject.fieldofresearchcode160699
dc.subject.fieldofresearchcode160507
dc.subject.fieldofresearchcode1501
dc.subject.fieldofresearchcode1605
dc.subject.fieldofresearchcode1801
dc.titleWill cars go green in the ACT? A case study of the reformed vehicle stamp duty
dc.typeJournal article
dc.type.descriptionC1 - Articles
dc.type.codeC - Journal Articles
dc.description.versionVersion of Record (VoR)
gro.facultyGriffith Business School, Department of Accounting, Finance and Economics
gro.rights.copyright© The Author(s) 2015. The attached file is reproduced here in accordance with the copyright policy of the publisher. For information about this journal please refer to the journal’s website or contact the authors.
gro.hasfulltextFull Text
gro.griffith.authorMortimore, Anna


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