The author was a participant at the National Tax Forum.
The Business Tax Reform Agenda†
Article first published online: 20 FEB 2012
© 2012 The Economic Society of Australia
Economic Papers: A journal of applied economics and policy
Volume 31, Issue 1, pages 3–7, March 2012
How to Cite
Menezes, F. M. (2012), The Business Tax Reform Agenda. Economic Papers: A journal of applied economics and policy, 31: 3–7. doi: 10.1111/j.1759-3441.2012.00165.x
- Issue published online: 20 FEB 2012
- Article first published online: 20 FEB 2012
- tax reform;
- tax incidence;
- Allowance for Corporate Equity
During the session on business taxation at the National Tax Forum in 2011, little consensus emerged between business representatives and union leaders on the reformations that should be made to the business taxation system. One proposal that greatly divided opinion was a reduction in the corporate tax rate. In this article, it is argued that changes in the treatment of tax losses and the introduction of a well-designed allowance for corporate equity represent a better business tax reform strategy than cutting the corporate tax rate.