Miscellaneous 1985

Tax credits and reform of the tax and social security systems

Source: Australian Tax Research Foundation

Published Date: 1 Jan 1985


This volume contains a proposal for the integration of the taxation and social security systems developed by the authors, all of whom were associated with the policy Co-ordination Unit of the Department of Community Services.

The proposal was designed to overcome problems of compensating low income earners for major changes in the tax system whether it be through trends towards a broad based consumption tax or other changes such as the suggested abolition of the tax threshold.

The proposal goes much further, representing a comprehensive reform package which has as its centrepiece the notion of refundable tax credits, structured in such a way as to promote both equity and efficiency. Other elements of the proposal include the non-taxation of pensioners and beneficiaries, a part year tax system, lower marginal tax rates, a general withholding tax and a number of income base broadening measures.

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Miscellaneous 1985

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