Miscellaneous 2007

Is the simplified tax system simple?

Source: The Tax Specialist Journal Article

Published Date: 1 Feb 2007

The Simplified Tax System (STS), sometimes described as a “system within a system”, was introduced in 2001 as part of a package of measures to assist small business that was recommended by the Ralph Committee’s Review of Business Taxation. The STS was designed to address calls from small businesses for recognition of the additional and regressive compliance burden that they faced, and for a simpler and more certain system to be introduced. It was to be an alternative method of determining taxable income available for eligible small businesses that had straightforward financial affairs.

Since its introduction the STS has been amended a number of times. The purpose of this paper is to present a critical analysis of the operation and impact of the STS from inception to date. The paper addresses three key questions, namely, whether the STS is simple, whether it is now simpler than before, and how it may be made simpler.

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


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))


The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

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.


Miscellaneous 2007

Share this page