This article considers concerns about Australia's capital gains tax (CGT) discount (providing generally for a 50 per cent discount on taxation of gains of resident taxpayers other than companies from disposal of assets held for more than 12 months) related to fiscal adequacy, and horizontal and...

This article explores the notion of tax neutrality and its relationship to the taxation of business structures, especially for Australian small businesses. In particular, it analyses whether the introduction of a dual income tax (DIT) system, as advocated by Pitcher Partners could achieve this....

Based on recommendations by the Australian Financial Centre Forum, the Australian Government is pursuing an agenda of reforms to provide for greater facilitation of Islamic finance – the banking and finance systems based on Islamic beliefs (Sherry, 2010; Bowen, 2009). It has been argued that the...

This article focuses on reform issues currently under consideration by tax and regulatory authorities to facilitate Islamic finance in Australia. The necessity for a comprehensive approach is critical if the government's desire to promote Australia as a financial services hub is to be realised....

Islamic banking and finance is emerging in global financial markets and governments seek to facilitate it. This article focuses on whether it is constitutionally possible for Australia to implement reforms to facilitate faithbased financial transactions.There have been calls for Australia to...

The arts sector can be plagued by characteristics that make its sustainability difficult, and it would appear that those in the arts sector consider that Australia's tax system has an important role to play in contributing to a sustainable arts sector. For example, within the 2020 Summit, at...

Within the 2020 Summit coordinated by the Australian Federal Government, at least 19 recommendations by the committee on ‘Towards a creative Australia’ related to proposed tax changes. This would indicate that those on this Committee consider that Australia’s tax system has an important...