Source: Australian Tax Research Foundation
Published Date: 1 Jan 2004
The implementation in July 2000 of the Goods and Services Tax represented a major reform in Australian tax policy. An integral part of this reform was a major change in the way in which financial relations between the Commonwealth and the States were organised. The new arrangements, implemented under the Intergovernmental Agreement, involved the earmarking of GST revenue for the States, an important innovation in federal financial relations. This paper provides a personal evaluation of the system’s first four years of operation, and proceeds to consider a series of possible reforms which might increase the net benefits of the system, preserving those aspects of the new system which the author considers to be valuable but improving those areas where inefficiencies or inequities exist.
More by David Collins
The States and the GST - Demystifying Australian federal/state financial arrangements - Journal 01 Jan 2007
The States and the GST - Demystifying Australian federal/state financial arrangements - Journal 01 Jan 2007
The impact of the GST package on Commonwealth-State relations - Journal 01 Jan 2000
Understanding consumption taxes - Journal 01 Jan 1998
Vertical fiscal imbalance and the allocation of taxing powers - Journal 01 Jan 1993
Taxation and the rural economy - Journal 01 Jan 1988
Implications for tax revenue and the distribution of the tax burden of personal income tax reforms - Journal 01 Jan 1987
Partial and global measure of states' taxable capacities - Journal 01 Jan 1987
Reform of business taxation - Journal 01 Jan 1985
Sorry, this is subscriber only content.
To gain access to this material and much more - Subscribe Now.
(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).
Already a Subscriber? Login now
Already a Subscriber? Login now
Details
The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.
Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.
The Tax Institute
(ABN 45 008 392 372 (PRV14016))
("TTI")
The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009.
All materials provided on this site are protected by copyright and are owned by or licensed to TTI.
Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.
Tags