Parliamentary Library Blog

Parliament house flag post
  • Announcements end superannuation budget speculation?

    Posted 8/04/2013 by Kai Swoboda
    Following recent media speculation about possible changes to superannuation in the upcoming 2013–14 Budget and concerns about the inequity of tax concessions for superannuation, on 5 April 2013 the Government announced a range of measures to superannuation tax, contribution and age pension arrangements. The Government’s overall intent in making these changes was to ‘improve the fairness, sustainability and efficiency of the superannuation system’. So what are the major changes proposed by the Go... Read more...

    TAGS: federal budget, superannuation, taxation

    Comments (0)
  • Carbon pricing mechanism—personal income tax reform

    Posted 20/07/2011 by Paige Darby
    As part of its Clean Energy Future package, the Government has announced a series of personal income taxation reforms. This will involve increases to the marginal taxation rates in 2012-13 and 2015-16, as well as changes to the tax free threshold and low income tax offset. The Parliamentary Library has prepared a brief on the proposed changes, which is available on its climate change website. The brief presents the details of the proposed tax reform, compares it to the personal income tax reform... Read more...

    TAGS: Carbon Pricing Mechanism, taxation

    Comments (0)
  • Carbon Pricing Mechanism—Which 500 companies pay the tax?

    Posted 14/07/2011 by Anita Talberg
    The Government has been clear that only Australia’s 500 biggest ‘carbon polluters’ will be directly affected by the proposed Carbon Pricing Mechanism (CPM). This is down from the 1000 that would have been liable under the previous Carbon Pollution Reduction Scheme, mainly due to the exclusion of fuels from the CPM. There has been some speculation as to which companies would be included in the Government’s list of 500, and which ones are Australia’s ‘top 50 carbon polluters’. The Parliamentary Li... Read more...

    TAGS: Carbon Pricing Mechanism, climate change, taxation

    Comments (0)
  • The 2011 tax forum and the 1985 tax summit

    Posted 23/03/2011 by Paige Darby
    Hand shake against a back drop of Australian bank notesOn Sunday 20 March 2011, the Treasurer announced in an Economic Note that a Tax Forum would be held on 4–5 October 2011 at Parliament House. This announcement has sparked interest in the potential scope of the tax forum, and the similarities that can be drawn to the Tax Summit held by the Hawke Government in 1985.The commitment to convene a tax forum was included in letters to Mr Tony Windsor MP and Mr Rob Oakeshott MP as part of the agreement to form a minority government after the 2010 electio... Read more...

    TAGS: taxation

    Comments (0)
  • Would Broadening the GST Necessarily be Regressive?

    Posted 14/01/2015 by Leslie Nielson

    In his recent Sir Henry Parkes Commemorative Dinner speech the Prime Minister called for a review of Commonwealth/State financial relations in the context of either raising the States’ revenue base or passing some of their responsibilities to the Commonwealth.  Changing the Goods and Services Tax (GST) is one of the options being considered by a Commonwealth/State officials group considering this matter. A number of Coalition members and senators are taking public stances in support of changing current GST arrangements.

    Read more...

    TAGS: taxation

    Comments (0)
  • Who exempts what from consumption taxes?

    Posted 19/01/2015 by Leslie Nielson

    At the time the Goods and Services Tax was introduced, health, education and financial services and some food items (mainly fresh food), amongst other areas, were exempted from its reach.  Recently, several Coalition members and senators, as well as some economists, have called for the GST to be extended to some of these areas.  

    Read more...

    TAGS: taxation, OECD

    Comments (2)
  • The millionaires who pay no tax

    Posted 20/04/2015 by Carol Ey

    In 2011–12 some people with incomes of over $1 million had taxable incomes less than $6,000, meaning they paid no tax. How did they reduce their incomes so much for tax purposes, and how are their affairs different from others with equally high incomes, but who paid tax on most of their earnings? And does this raise issues relevant to the Government’s aim to create ‘a better tax system that delivers taxes that are lower, simpler, fairer’?

    Read more...

    TAGS: taxation

    Comments (0)
  • The UK ‘Google Tax’: a model for Australia to follow?

    Posted 23/12/2014 by Leslie Nielson
    The Treasurer has recently foreshadowed the introduction of specific tax arrangements modelled on the UK’s recently announced Diverted Profits Tax (DPT) which has been referred to as the Google Tax. Background Recently a number of countries, including Australia, have focused their tax policy on tax avoidance by multinational companies operating in their territory. This follows substantial work undertaken by the Organisation for Economic Cooperation and Development (OECD) in thi... Read more...

    TAGS: Taxation

    Comments (0)
  • Senate inquiry into corporate tax avoidance

    Posted 19/12/2014 by Jaan Murphy

    In October, the Senate referred an inquiry into corporate tax avoidance (the Inquiry) to the Senate Economic References Committee (the Committee).  The Inquiry will examine tax avoidance and aggressive minimisation by multinational companies operating in Australia.  Public submissions close on 2 February 2015, and the Committee will report in June 2015.

    Read more...

    TAGS: Taxation, OECD, EU, UK Parliament

    Comments (0)
  • Offsetting business costs associated with the increase in fuel excise—Schedules 4 and 5 of the Tax and Superannuation Laws Amendment (2014 Measures No. 6) Bill 2014

    Posted 28/11/2014 by Kai Swoboda
    Fuel excise increased on 10 November 2014 as a result of the Government’s tariff proposals (the Excise Tariff Proposal (No. 1) 2014 and Customs Tariff Proposal (No. 1) 2014) that were introduced in the House of Representatives on 30 October 2014. The tariff proposals increased the fuel excise by specific amounts (0.457 cents per litre for liquid fuels on top of the existing 38.143 cents per litre) and also provide for biannual indexation to the consumer price index for excise fro... Read more...

    TAGS: fuel, taxation

    Comments (0)
View more
Facebook LinkedIn Twitter Add | Email Print

FlagPost

Flagpost is a blog on current issues of interest to members of the Australian Parliament


Parliamentary Library Logo showing Information Analysis & Advice

Search: FlagPost


Search

Archive

Syndication

Tagcloud

refugees asylum immigration Parliament climate change elections social security health financing Australian Defence Force women taxation welfare policy Australian foreign policy welfare reform sport Medicare employment illicit drugs gambling higher education disability Middle East Australian Sports Anti-Doping Agency World Anti-Doping Agency Australian Bureau of Statistics health reform emissions trading industrial relations united states statistics private health insurance Carbon Pricing Mechanism United Nations school education indigenous Australians aid steroids WADA federal budget politics labour force Australian Federal Police transport detention criminal law ASADA Afghanistan governance poker machines income management people trafficking Fair Work Act 43rd Parliament Australian Public Service International Women's Day Australian Crime Commission Papua New Guinea parliamentary procedure National Disability Insurance Scheme children's health food OECD debt defence capability federal election 2013 Australian Electoral Commission aged care environment election results Senate pensions law enforcement UK Parliament pharmaceutical benefits scheme planning skilled migration multiculturalism people smuggling doping child protection HECS Higher Education Loan Program paid parental leave High Court international relations corruption federal state relations Asia Australia in the Asian Century dental health New Zealand ALP political parties constitution public service reform forced labour aviation coal seam gas crime customs social media ADRV Census Newstart Parenting Payment health employee employer Federal Court foreign debt gross debt net debt European Union domestic violence Constitutional reform food labelling carbon tax banking terrorist groups United Kingdom leadership public policy terrorism welfare Australian Security Intelligence Organisation intelligence community Drugs research and development voting mental health health system human rights Northern Territory Emergency Response science Electoral reform regional unemployment productivity accountability military history Indigenous Indonesia Pacific Islands speaker superannuation middle class welfare welfare systems question time animal health Department of Agriculture Fisheries and Forestry trade unions integrity same sex relationships foreign bribery Australian Secret Intelligence Service firearms export liquefied natural gas local government referendum children Australian economy mining forestry Tasmania financial sector Canada United Nations Security Council climate Intergovernmental Panel on Climate Change expertise Senators and Members family assistance by-election US economy housing affordability ASIO new psychoactive substances synthetic drugs UNODC reserved seats regulation Parliamentary remuneration Population Hung Parliament federal budget 2011-12 paternalism public health slavery Trafficking in Persons Report homelessness school chaplains ministries water federal election 2010 Medicare Locals primary care regional students Youth Allowance entitlements salary sea farers violence against women Special Rapporteur transparency money laundering early childhood education asylum seekers national security bulk billing China disability employment World Trade Organization Australia renewable energy language education Italy roads international students skilled graduate visas temporary employment visas apologies standard of proof arts health risks World Health Organisation disciplinary tribunals railways infant mortality honorary citizen suspension of standing and sessional orders live exports contracts workplace policies peace keeping disorderly conduct same-sex marriage Parliament House retirement Rent Assistance constitutional recognition of local government anti-dumping national heritage NHMRC nutrition GDP world heritage submarines Somalia defence budget First speech election timetable sitting days prime ministers standing orders public housing cancer gene patents genetic testing carbon markets universities Ireland public interest disclosure whistleblowing Productivity Commission vocational education and training limitation period Trade; tariffs; safeguards; Anti-dumping leave loading political engagement Korean peninsula counselling pests suicide social policy alcohol computer games plebiscites therapeutic goods Therapeutic Goods Administration federalism federation preselection Iran sanctions baby bonus early childhood National Quality Framework for Early Childhood Education and Care Murray-Darling Basin citizen engagement policymaking biosecurity hendra environmental law COAG Ministerial Councils nuclear Work Choices republic hospitals qantas ANZUS Norway President Barack Obama Presidential visits advertising electricity energy maritime floods ADHD stimulant medication 44th Parliament 2015 e-voting internet voting nsw state elections Indigenous health procurement citizenship Defence ACT Norfolk Island External Territories High Court; Indigenous; Indigenous Australians; Native Title Indigenous education ABS Trade Age Pension Death penalty capital punishment execution Bali nine Bali bombings emissions reduction fund; climate change child care funding refugees immigration asylum ACT Assembly Criminal Code Amendment (Misrepresentation of Age to a Minor) Bill 2013 sexual abuse online grooming sexual assault of minors social services EU fishing asylum refugees immigration political finance donations Antarctica Diplomacy Disability Support Pension by-elections state and territories China soft power education Fiji India fuel Scottish referendum Members of Parliament Middle East; national security; terrorism Racial Discrimination Act; social policy; human rights; indigenous Australians Migration; asylum seekers; regional processing China; United States; international relations fiscal policy innovation Bills NATO workers anti-corruption fraud bribery corporate ownership whistleblower G20 economic reform standards copyright Australian Law Reform Commission industry Governor-General Animal law; food health policy employment law bullying Economics efficiency foreign aid human rights; Racial Discrimination Act smoking plain packaging tobacco cigarettes Work Health and Safety Asia; Japan; international relations youth Foreign policy Southeast Asia Israel Palestine political financing US politics Australia Greens Horn of Africa peacekeeping piracy Great Barrier Reef solar hot water Financial Action Taskforce terrorist financing Gonski Review of Funding for Schooling Stronger futures rural and regional political parties preselection presidential nomination Racial Discrimination Act Australian Greens

Show all
Show less
Back to top