Abstract
Taxation reform is currently the focus of attention in Australia. The ramshackle wholesale sales tax was replaced on 1 July 2000 with a goods and services tax and the Review of Business Taxation has recommended extensive changes to some aspects of capital taxation. These include the reduction of the company tax rate from 36 per cent to 30 per cent and the removal of accelerated depreciation. However, many of these changes particularly those affecting capital taxation — are being made in the absence of detailed quantification of the effects of both the old and new tax regimes.
We gratefully acknowledge the financial support of the Social Sciences and Humanities Research Council of Canada and the helpful comments of an anonymous referee, Kevin Fox and Peter Robertson. The usual disclaimer applies.
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Diewert, W.E., Lawrence, D. (2002). The Deadweight Costs of Capital Taxation in Australia. In: Fox, K.J. (eds) Efficiency in the Public Sector. Studies in Productivity and Efficiency, vol 1. Springer, Boston, MA. https://doi.org/10.1007/978-1-4757-3592-5_6
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