{"id":16041,"date":"2023-06-20T03:35:05","date_gmt":"2023-06-20T03:35:05","guid":{"rendered":"https:\/\/sites.thomsonreuters.com.au\/journals\/?p=16041"},"modified":"2023-06-20T03:35:05","modified_gmt":"2023-06-20T03:35:05","slug":"australian-tax-review-update-vol-52-pt-1","status":"publish","type":"post","link":"https:\/\/sites.thomsonreuters.com.au\/journals\/2023\/06\/20\/australian-tax-review-update-vol-52-pt-1\/","title":{"rendered":"Australian Tax Review update: Vol 52 Pt 1"},"content":{"rendered":"<p>*Please note that the links to the content in this Part will direct you to Westlaw AU. If you are using Checkpoint, the links can be found in the <strong>Checkpoint PDF <\/strong>at the bottom of this post.<\/p>\n<p>To purchase an article, please email: <a href=\"mailto:LTA.Service@thomsonreuters.com\">LTA.Service@thomsonreuters.com<\/a> or contact us on 1300 304 195 (Australian customers) or +61 2 8587 7980 (international customers) during business hours (Mon-Fri, 8am-6pm AEST).<\/p>\n<p>The latest issue of the <em>Australian Tax Review<\/em><em>\u00a0<\/em>(Volume 52 Part 1) contains the following material:<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I93cd3b16da6b11edb71cd378b46fc811\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\">EDITORIAL<\/a> \u2013 <em>General Editors: Dale Pinto and Kerrie Sadiq<\/em><\/p>\n<ul>\n<li><strong>Australian Tax Reform <\/strong><\/li>\n<\/ul>\n<h3>Articles<\/h3>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I93cd3b18da6b11edb71cd378b46fc811\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\"><em><strong>Introduction to Special Issues on Australian Tax Reform<\/strong><\/em><\/a> \u2013\u00a0Ken Henry AC<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I93cd3b19da6b11edb71cd378b46fc811\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\"><em><strong>Tax Reform: Lessons from History<\/strong><\/em><\/a> \u2013Paul Tilley<\/p>\n<p style=\"text-align: justify\">Australia\u2019s history is sprinkled with tax reform attempts \u2013 some successful, some not. This article explores that history, from the establishment of the <em>Constitution <\/em>at Federation in 1901 and the 1942 unification of income tax, through the seminal Asprey review in 1975 that set up the major tax reforms in the 1980s and 1990s, to the lack of reform this century. It will examine the roles of foundational reviews, that establish the case for reform, and determinative reviews, that implement reform. It will also look at the review processes available to governments, ranging from formal external reviews to internal processes. What ingredients have enabled past reform exercises to work (or not)? How do we assess the quality of Australia\u2019s tax reforms? What lessons are there for the design of Australia\u2019s next tax reform exercise?<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I93cd3b15da6b11edb71cd378b46fc811\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\"><em><strong>Income Taxation: An Institution in Decay \u2013 Still<\/strong><\/em><\/a> \u2013 Graeme S Cooper<\/p>\n<p style=\"text-align: justify\">This article evaluates the experience to date with the modern drafting style seen in tax legislation, employing vague terms and expressing rules in an imprecise and uncertain form, and argues that the results of the drafting experiment have been disappointing. The claimed benefits of imprecise drafting have not been achieved, while the expected problems have occurred.<\/p>\n<p><a href=\"https:\/\/anzlaw.thomsonreuters.com\/Document\/I93cd3b12da6b11edb71cd378b46fc811\/View\/FullText.html?transitionType=Default&amp;contextData=(sc.Default)&amp;VR=3.0&amp;RS=cblt1.0\" target=\"_blank\" rel=\"noopener\"><em><strong>Design Options to Reform State Property Taxes<\/strong><\/em><\/a> \u2013 John Freebairn<\/p>\n<p style=\"text-align: justify\">The comparative efficiency, equity, and simplicity attributes of different details of a reform package to replace current conveyance duty, narrow base land taxes and special taxes on insurance imposed by the states are assessed. Option details for the replacement annual property tax include land or improved value as tax base, flat or progressive tax rate schedule, and transition path. To minimise changes in the distribution of the tax burden while reaping most of the efficiency gains, the article argues for a land base, progressive rate schedules which differ for owner occupied, rental and commercial property categories, and a transition path along the lines of the Australian Capital Territory phased switch to the replacement tax or provide some credit for recent payers of stamp duty. An option to allow the liquidity constrained to carry forward the annual property tax is supported.<\/p>\n<p>For the PDF version of the table of contents, click here: <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-content\/uploads\/sites\/3\/2023\/04\/New-Westlaw-Australia-AT-Rev-Vol-52-No-1-Contents.pdf\">New Westlaw Australia &#8211; AT Rev Vol 52 No 1 Contents<\/a> or here: <a href=\"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-content\/uploads\/sites\/3\/2023\/04\/Checkpoint-AT-Rev-Vol-52-No-1-Contents.pdf\">Checkpoint &#8211; AT Rev Vol 52 No 1 Contents<\/a>.<\/p>\n<p><a href=\"https:\/\/bit.ly\/3oyQqcp\" target=\"_blank\" rel=\"noopener\">Click here to access this Part on New Westlaw AU<\/a><\/p>\n<p><a href=\"https:\/\/bit.ly\/3AoGQLL\" target=\"_blank\" rel=\"noopener\">Click here to access this Part on Checkpoint<\/a><\/p>\n<p>For general queries, please contact: <a href=\"mailto:tlranz.journal.orders@thomsonreuters.com\">tlranz.journal.orders@thomsonreuters.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest Part of the Australian Tax Review&#8217;s Special Issue on Tax Reform includes the following: &#8220;Introduction to Special Issues on Australian Tax Reform&#8221; \u2013 Ken Henry AC; &#8220;Tax Reform: Lessons from History&#8221; \u2013 Paul Tilley; &#8220;Income Taxation: An Institution in Decay \u2013 Still&#8221; \u2013 Graeme S Cooper; and &#8220;Design Options to Reform State Property Taxes&#8221; \u2013 John Freebairn.<\/p>\n","protected":false},"author":17,"featured_media":11957,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[230,38,39],"tags":[20826,20821,7402,20827,860,20824,20822,4449,20830,20823,20829,20828,20825],"class_list":["post-16041","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australian-tax-review","category-journals","category-update-summaries","tag-asprey-review","tag-australian-tax-reform","tag-dale-pinto","tag-drafting-style-in-tax-legislation","tag-graeme-s-cooper","tag-john-freebairn","tag-ken-henry-ac","tag-kerrie-sadiq","tag-lessons-from-tax-history","tag-paul-tilley","tag-reform-package-to-replace-conveyance-duty-and-land-taxes-as-well-as-special-taxes-on-insurance","tag-state-property-taxes","tag-tax-reform-history"],"_links":{"self":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/16041","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/comments?post=16041"}],"version-history":[{"count":0,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/posts\/16041\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media\/11957"}],"wp:attachment":[{"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/media?parent=16041"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/categories?post=16041"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/sites.thomsonreuters.com.au\/journals\/wp-json\/wp\/v2\/tags?post=16041"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}