THE QUESTION Some proponents argue the Australian Income Taxation system is a good tax design...
90.2K
Verified Solution
Link Copied!
Question
Accounting
THE QUESTION Some proponents argue the Australian Income Taxation system is a good tax design and policy system because it meets the Asprey Committee s three axioms, being: an efficient tax system that is well administered by the ATO, including that it is a low taxing jurisdiction by world standards with low compliance costs a fair tax system given taxes are levied progressively, and a simple tax system, given its laws were rewritten substantially by the Tax Law Improvement Project that can be easily interpreted and applied by taxpayers and or their tax agents. And yet others argue that the Australian tax system is broken which is in drastic need of tax reform that is unsustainable in light of declining taxation revenue forecasts given Australia s ageing population. How can there be such a difference in expert opinions? Discuss.
THE QUESTION
Some proponents argue the Australian Income Taxation system is a good tax design and policy system because it meets the Asprey Committee
s three axioms, being:
an efficient tax system that is well administered by the ATO, including that it is a low taxing jurisdiction by world standards with low compliance costs
a fair tax system given taxes are levied progressively, and
a simple tax system, given its laws were rewritten substantially by the Tax Law Improvement Project that can be easily interpreted and applied by taxpayers and
or their tax agents.
And yet others argue that the Australian tax system is broken which is in drastic need of tax reform that is unsustainable in light of declining taxation revenue forecasts given Australia
s ageing population.
How can there be such a difference in expert opinions? Discuss.
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
- Unlimited Question Access with detailed Answers
- Zin AI - 3 Million Words
- 10 Dall-E 3 Images
- 20 Plot Generations
- Conversation with Dialogue Memory
- No Ads, Ever!
- Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Other questions asked by students
StudyZin's Question Purchase
1 Answer
$0.99
(Save $1 )
One time Pay
- No Ads
- Answer to 1 Question
- Get free Zin AI - 50 Thousand Words per Month
Best
Unlimited
$4.99*
(Save $5 )
Billed Monthly
- No Ads
- Answers to Unlimited Questions
- Get free Zin AI - 3 Million Words per Month
*First month only
Free
$0
- Get this answer for free!
- Sign up now to unlock the answer instantly
You can see the logs in the Dashboard.