The Australian public has shown significant support for the idea of rolling back the national carbon tax system, but new evidence suggests that the move would have previously unanticipated negative effects on the country's economy. Cutting Australia’s strongly debated carbon tax scheme would lead to years of consumer uncertainty, reduced economic investment, and lowered tax revenues. Such a conclusion was drawn by the authors of a new discussion paper published by the Australia Institute on August 22nd. According to the authors of the report, ... Read More

Australia should build upon and continue its recent years’ work in improving the national tax system, in order to facilitate further economic growth and prosperity. In a new report released on August 7th the International Monetary Fund (IMF) applauded Australia’s recent steps to overhaul the country’s tax regulations, and the government was praised for reducing the national corporate tax rate, introducing the minerals resource rent tax, and its continued efforts to cut top marginal personal tax rates. However in the report, the ... Read More

The Australian government has revealed the pricing policy for its upcoming carbon tax system, and changes to be made to personal income tax rates. At a press conference held on July 10th in Canberra the Prime Minister of Australia Julia Gillard revealed the final pricing details for country's long-debated carbon tax system. The Prime Minister also described the tax system overhauls aimed at ensuring that the country's economy does not suffer under the new tax. From July 1st 2012 the national carbon tax will ... Read More

The Australian government has published an innovative new tax information project, where national tax return data was used to characterize and present the makeup of Australian taxpayers. The 100 People project used data acquired from all of the 12.3 million personal income tax returns filed in the 2009 income year. It is intended that the presented data will allow a greater insight into Australian taxpayers, in an easy to understand format. Approximately 52 percent of all taxpayers were male. Geographically, Australians were concentrated across ... Read More

Australia and New Zealand are looking set to cooperate on the issue of emissions taxation, despite the continuously escalating debates about the tax in Australia. On June 20th the Prime Minister of Australia Julia Gillard and the Prime Minister of New Zealand John Key spoke at a joint press conference in Canberra, announcing that the two countries are set to work together in an effort to form a cooperative emissions trading scheme. Julia Gillard and John Key explained that the economies of Australia ... Read More