The Implications of Capital Gains Tax Rate Preferences

ATTA Doctoral Series: Volume 8

John Minas

The Implications of Capital Gains Tax Rate Preferences

ATTA Doctoral Series: Volume 8

John Minas

ISBN:

9780190324377

Binding:

Paperback

Published:

6 Nov 2019

Availability:

Print on demand

Series:

$128.95 AUD

$148.99 NZD

Add To Cart Request an inspection copy

Description

The Implications of Capital Gains Tax Rate Preferences explores key aspects of one of the more controversial questions in tax policy – what is the appropriate way to tax capital gains? In asking this question, it examines whether the 50% Capital Gains Tax (CGT) discount for personal taxpayers in Australia has been successful in achieving its original objective of revenue neutrality.


This text presents policy options and recommendations that are informed by in-depth interviews with CGT experts in Australia, Canada, and the United States, and by a quantitative study estimating the capital gains realisations response for personal taxpayers in Australia. Primarily, it proposes that the CGT regime for personal taxpayers in Australia would be improved by taxing net capital gains at normal marginal tax rates, and by the introduction of an annual exempt amount for net capital gains.

Contents

Abstract
Acknowledgements
List of Acronyms and Abbreviations
List of Tables
List of Figures
Publications

  1. Introduction
  2. A Review of the Literature on Taxing Capital Gains
  3. Methodology and Research Design
  4. Qualitative Results – the Voice of the Experts
  5. Quantitative Results – Capital Gains Realisations Response Study
  6. Policy Options for Taxing Capital Gains in Australia
  7. Conclusions

References
Appendix

Authors

John Minas – Senior Lecturer, Curtin Law School, Faculty of Business and Law, Curtin University, and Adjunct Research Fellow, Law Futures Centre, Griffith University.