Australian federal Governments' increasingly broaden and tinker with a range of small business tax concessions as they seek electoral support from an estimated 2.7 million small businesses. Consequently, a plethora of costly tax concessions for small business has emerged. Their complexity...

This paper examines an experiment in team based learning (TBL) undertaken with undergraduate business and law students studying taxation law. The paper found that TBL produced many benefits for university students and teachers, as well as employers. TBL aided educational outcomes, as seen by the...

This paper seeks to compare two recent major Australian tax reform processes. The 1998-99 Review of Business Taxation chaired by John Ralph (herein after known as the ‘Ralph Review') and the 2008-09 Australia's Future Tax System Review chaired by Dr. Ken Henry (herein after known as the...

Australia, New Zealand and France employ different indirect tax systems for wine that are a result of numerous factors such as economic, social, cultural and historical. This paper seeks to compare the indirect tax laws on wine of the ‘Old World' wine country (France) and the two ‘New World'...

This paper examines the Small Business Entities (SBE) tax concessions that replaced the former Simplified Tax System (STS) concessions on 1 July 2007. Given that the former STS concessions have been subject to much criticism by commentators, professional and government bodies this paper firstly...

This paper examines the Small Business Entities (SBE) income tax accounting concessions (for prepaid expenses; depreciating assets and trading stock ) that replaced the former Simplified Tax System (STS) concessions on 1 July 2007. Given that the former STS concessions have been subject to much...

It is contended that Australia's current realisation based capital gains tax represents a poor second best solution to the ideal of accruals . The realisation based system is simply too costly. It creates economic distortions, it is unfair as it principally benefits a small percentage of the...

This paper seeks to review the effectiveness of the tax reforms flowing from 1999 Review of Business Taxation's Report (known as the Ralph Report). In doing so, this paper selects three aspects of the enacted Ralph Report reforms, the non-commercial loss (NCL) rules , the simplified tax system...

In 1999 the Ralph Committee recommended sweeping reforms to the Australian income tax system. Its final report, consisted of eight parts and made 280 recommendations. Many of these have since passed into law in a staggered series of stages since 1999. Numerous CGT-related recommendations were...