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The impact of tax rate changes on capital gains realisations: evidence from Australia

Published on 01 Dec 18 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Australia experienced a major reduction to the rate at which capital gains are taxed on the introduction of the “50% CGT discount” in the 1999‑2000 fiscal year. Claims made at the time of this effective capital gains tax (CGT) rate reduction suggested it would lead to increased realisations as well as an increase in tax revenue. Using time series data from 1988‑89 to 2014‑15, the authors estimate the capital gains realisations response for Australian personal taxpayers. The authors’ elasticity point estimates imply overall revenue losses from the introduction of the CGT discount.

Author profiles

John Minas
John is a Senior Lecturer, Tasmanian School of Business and Economics, University of Tasmania, and Adjunct Research Fellow, Griffith Law Futures Centre. - Current at 20 April 2020
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Youngdeok Lim
Youngdeok is a Senior Lecturer, UNSW Business School, UNSW Australia.
Current 1 December 2015
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Prof Christopher Evans
Chris is a Professor, School of Taxation & Business Law, UNSW Australia, Extraordinary Professor, Department of Taxation, University of Pretoria, and Senior Research Fellow, Tax Law and Policy Research Group, Monash University. - Current at 29 May 2019
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