Published on 01 Jan 94
by Australian Tax Research Foundation
This study into the compliance costs of companies income taxation is the first to be undertaken in Australia. It extends an earlier study into the compliance costs of public companies income taxation in 1986-87. The paper seeks to focus on the time and money spent in meeting the statutory requirements of companies income tax. The findings of the study are controversial to highlight the importance of compliance costs being explicitly addressed by decision-makers in Australia . Of particular concern was the finding that 96% of companies incurred higher compliance costs then remitted income tax. The tax compliance burden on small companies is therefore quite owners.
Richard Fayle, B.Com. (NSW), M.Com. (WA), F.C.A., Associate Professor, Department of Accounting and Finance, The University of Western Australia.
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Jeff Pope, B.A. (Hons.), University of Warwick, M.Sc., Cranfield Institute of Technology, F.T.I.A., Senior Lecturer, Department of Economics, Curtin University, and Research Associate, Economic Research Centre, The University of Western Australia.
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DONG-LING CHEN, Dip. Sc. Fundan University; Dip. M.Sc.Shanghai JiaoTong University, PhD (UWA), Research Assistant, Economic Research Centre, Department of Economics, The
University of Western Australia.