An Evaluation of whether the Australian regime of income tax on capital gains satisfies the macro-level policy objective of horizontal equity | Macquarie University ResearchOnline

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Title: An Evaluation of whether the Australian regime of income tax on capital gains satisfies the macro-level policy objective of horizontal equity
Related: Macquarie journal of business law, Vol. 4, p.213-244
Related: http://www.law.mq.edu.au/html/MqJBL/vol4/11sridaran.pdf
Publisher: Macquarie University
Date: 2007
Author/Creator: Sridaran, Maheswaran
Description: The Australian income tax regime on capital gains (‘the CGT regime’) was enacted in 1986. The government which enacted the CGT regime so enacted it largely on the perception that the CGT regime will enable the macro-level policy objective of horizontal equity to be satisfied better. This paper reviews whether that perception is largely correct. Whether that perception is largely correct or not is germane for the following reason. In order to be able to enact the CGT regime, the government which enacted it had to necessarily ensure, or it is reasonable to infer that government may have had to necessarily ensure, that the CGT regime also satisfied a number of macro-level policy objectives other than horizontal equity. And those other macrolevel policy objectives are not necessarily wholly co-extensive with horizontal equity.
Description: 32 page(s)
Resource Type: Macquarie Journal Of Business Law Collection
Resource Type: journal article
Organisation: Macquarie University. Dept. of Business Law

Identifier: http://hdl.handle.net/1959.14/22673
Identifier: ISSN:1449-0269
Identifier: mq-rm-2007003809
Language: eng
Rights: Publisher version archived with the permission of the Dean, Division of Law, Macquarie University, NSW, Australia. This copy is available for individual, non-commercial use. Permission to reprint/republish this version for other uses must be obtained from the publisher.
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