Category Taxation in Australia

Tax Data Explains Gender Pay Gap

November 17, 2017 Taxation in Australia

pay gap australiaCANBERRA – The pay gap in Australia has been explained using tax data from Australia.

New research published in the book Tax, Social Policy and Gender: Rethinking Equality and Efficiency has used Australian tax data to quantify the income inequality between men and women.

The results of the research showed that women have more interrupted work pattern than men, primarily due to facing a higher burden of childcare than men.

Due to the interrupted work patterns, the positive effects of higher education for women, have a reduced impact on incomes compared to the impacts enjoyed by men.

Due to the reduced impact of education and the significant interruptions to working time, the net incomes of women during their working lives is lower than for men.

Further, as the Australian superannuation sy...

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Taxes Could Curb Obesity in Australia

May 22, 2017 Taxation in Australia

obesity in AustraliaBRISBANE – Doctors in Australia are calling on the government to introduce new measures aimed at curbing the spread of obesity.

At a conference held in Brisbane recently, a leading endocrinologist Prof John Prins called for greater tax measures to discourage the spread of obesity in Australia.

The doctor said that the currently proposed tax measures such as fat taxes and sugar taxes are overly simplistic and do not cover the extent and intricacies of the issue of obesity.

He suggested that along with the already proposed tax measures, the government could also investigate the feasibility of reducing GST on healthy foods, such as fruits and vegetables.

Further, he called for extra disincentive measures to be applied, such as increased health and life insurance premiums, raised prices for...

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Australia Looks to Tax Ghost Houses

May 2, 2017 Taxation in Australia

Ghost house tax in AustraliaCANBERRA – The Australian government is hoping to use taxes to address the issue of foreign buyers hoarding investment properties.

The government of Australia could enact a new tax on any vacant properties owned by foreign investors.

The new tax would become part of the conditions imposed by the Foreign Investment Review Board when a foreign investor attempts to purchase property in the country.

Currently the tax is expected to be set at approximately AUD 5 000.

The money raised from the tax would go to fund the government’s housing affordability programs.

The new “ghost house tax” is expected to help alleviate the country’s overheated housing market, as it will encourage foreign investors to either rent out their properties or to sell them entirely.

Some experts believe that pr...

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Sugar Taxes Back on the Table in Australia

February 21, 2017 Taxation in Australia

Sugar tax in AustraliaCANBERRA – Academics and nutritionists in Australia are calling for a sugar tax, however, many politicians are standing up in staunch opposition to the proposal.

A new report in Australia with contributions from over 100 nutrition experts from across 53 organizations is calling for a raft of new measures aimed directly at tackling the country’s growing obesity epidemic.

One of the key proposals in the report was the introduction of targeted taxes on sugar-filled foods and beverages, including sugary drinks, a food item that has been the targeted of taxes and tax discussion around the world.

The tax was not the only suggestion in the report, and among the 46 other points raised were complimentary measures such as restricting advertising on junk food, restricting the sale of junk food at...

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Food Taxes Will Save Australian Lives

February 16, 2017 Taxation in Australia

Food taxes in AustraliaCANBERRA – Every Australian alive in 2010 could enjoy an extended lifespan, if the government could implement a good balance of food taxes and subsidies.

Implementing taxes on unhealthy foods and introducing subsidies on fruits and vegetables in Australia could save lives, billions in expenditure, while costing taxpayers and consumers virtually nothing, according to the results of a new study published on February 14th in the international Medical PLOS Medical.

The study evaluated the combined and individual effects of implementing taxes on fat, salt, sugar, and sugar-sweetened beverages, and also implementing subsidies on fresh fruits and vegetables.

Individually, a sugar tax was the most effective measure, followed by a salt tax, a saturated fat tax, and, lastly, a tax on sugary drinks...

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