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Home Parliamentary Business Committees Senate Committees Senate Standing Committees on Economics Australia's Taxation System Australia's Taxation System

Australia's Taxation System

REPORT - December 2024

Inquiry home page Committee home page
Full Report (PDF)

Contents

Members
Terms of reference
Abbreviations and acronyms
Chapter 1 - Introduction
  • Conduct of the inquiry
  • Scope and structure of the report
  • Acknowledgments
Chapter 2 - Views on Australia's taxation system
  • Introduction
  • Purposes of tax
  • Elements of Australia’s tax system
  • Critiques of Australia’s current tax system
  • Term of reference (a): Taxing people who earn less than the cost of living
  • Term of reference (b): Assumptions used by Treasury in modelling income tax cuts
  • Terms of reference (c) and (d): International tax arbitrage
  • Terms of reference (e) and (h): Capital gains tax concessions
  • Terms of reference (f) and (g): Company tax rates and franking credits
  • Term of reference (i): Related matters
  • Committee view
  • The first point of tax reform is to create certainty
  • The Coalition delivered significant reforms to the tax system in government
  • Discussion of the future tax system need governments to get real on spending
  • Tax reform must boost incentives and investment to reward aspiration
Appendix 1 - Submissions and additional documents
In this section
  • About this inquiry

    An Inquiry into Australia'a Taxation System

  • Chapters
    • Chapter 1 - Introduction
    • Chapter 2 - Views on Australia's taxation system
  • Other information
    • Members
    • Terms of reference
    • Abbreviations and acronyms
    • Coalition Senators' additional comments
    • Appendix 1 - Submissions and additional documents
Full Report (PDF)
24 Submissions
0 Public hearings
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