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

Policy formulation

242 KB 499 KB 161 KB 65 KB

Legislation

108 KB 178 KB 74 KB 22 KB

Administration

145 KB 207 KB 99 KB 28 KB

Establishing a durable framework for income taxation
. . 385 KB 607 KB

Core concepts and principles

399 KB 5904 KB 267 KB 553 KB

Some specific issues in taxing income

160 KB 349 KB 117 KB 41 KB

Reinforcing integrity and equity
. . 308 KB 119 KB

Tax system integrity

240 KB 414 KB 171 KB 59 KB

Specific equity concerns

183 KB 410 KB 134 KB 53 KB

Applying the cashflow/tax value approach
. . 502 KB 161 KB

Capital Allowances

189 KB 285 KB 136 KB 39 KB

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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