Review of Business Taxation

A TAX SYSTEM REDESIGNED
More certain, equitable and durable

Report

July 1999

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ENTIRE VOLUME

 4789 KB 2813 KB

EXPLANATORY NOTES

 1049 KB 2153 KB 824 KB 296 KB

DRAFT LEGISLATION

 1624 KB 1876 KB 1398 KB 267 KB
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REPORT

TABLE OF CONTENTS

 . . 202 KB 102 KB

Terms of reference

 94 KB 150 KB 58 KB 18 KB

Members of the Review

 33 KB 138 KB 27 KB 15 KB

Preface

 62 KB 150 KB 45 KB 17 KB
Chairman's introduction
 74 KB 153 KB 50 KB 19 KB
Overview of Draft legislation
 51 KB 141 KB 36 KB 16 KB
Report Overview
 454 KB 785 KB 384 KB 110 KB
Building a strong foundation
 . . 335 KB 124 KB

1  Policy formulation

 242 KB 499 KB 161 KB 65 KB

2  Legislation

 108 KB 178 KB 74 KB 22 KB

3  Administration

 145 KB 207 KB 99 KB 28 KB
Establishing a durable framework for income taxation
 . . 385 KB 607 KB

4  Core concepts and principles

 399 KB 5904 KB 267 KB 553 KB

5  Some specific issues in taxing income

 160 KB 349 KB 117 KB 41 KB
Reinforcing integrity and equity
 . . 308 KB 119 KB

6  Tax system integrity

 240 KB 414 KB 171 KB 59 KB

7  Specific equity concerns

 183 KB 410 KB 134 KB 53 KB
Applying the cashflow/tax value approach
 . . 502 KB 161 KB

8  Capital Allowances

 189 KB 285 KB 136 KB 39 KB

9  Financial assets and liabilities

 211 KB 372 KB 158 KB 51 KB

10 Leases and rights

 283 KB 491 KB 206 KB 65 KB
Implementing a unified entity regime
 . . 631 KB 196 KB

11 Imputation and the company tax rate

 140 KB 224 KB 101 KB 31 KB

12 Distributions

 236 KB 438 KB 174 KB 63 KB

13 Entity-specific issues

 139 KB 227 KB 101 KB 30 KB

14 Life insurance and pooled superannuation trusts

 217 KB 306 KB 152 KB 42 KB

15 Consolidated groups

 149 KB 236 KB 103 KB 31 KB
Recognising direct investors and small business
 . . 316 KB 101 KB

16 Flow-through taxation

 246 KB 549 KB 191 KB 61 KB

17 Small business initiatives

 201 KB 282 KB 123 KB 35 KB
Rewarding risk and innovation
 . . 265 KB 82 KB

18 Incentives for investing

 212 KB 366 KB 168 KB 47 KB

19 Capital market incentives

 133 KB 197 KB 94 KB 27 KB
Responding to globalisation
 . . 415 KB 116 KB

20 Australian's investing offshore

 157 KB 245 KB 112 KB 31 KB

21 Foreign investment in Australia

 107 KB 182 KB 76 KB 24 KB

22 Allocating income between countries

 222 KB 239 KB 159 KB 34 KB

23 Improving Australia's international tax regime

 95 KB 167 KB 67 KB 21 KB
Estimated impacts
 . . 346 KB 328 KB

24 Delivering revenue neutrality

 322 KB 1726 KB 235 KB 276 KB

25 Modelling industry effects

 154 KB 442 KB 109 KB 51 KB
Appendices
 . . 206 KB 86 KB

Appendix A: Documents of the Review

 64 KB 152 KB 41 KB 16 KB

Appendix B: Consultation

 112 KB 228 KB 91 KB 26 KB

Appendix C: Consultancies

 64 KB 176 KB 41 KB 17 KB

Appendix D: Secretariat

 48 KB 165 KB 34 KB 19 KB
Glossary
 189 KB 335 KB 145 KB 46 KB
Index
 93 KB 197 KB 72 KB 24 KB
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