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Personal Income Tax Reform in Australia: A Specific Proposal

Tran-Nam, B., Vu, L. and Andrew, Brian H. (2007). Personal Income Tax Reform in Australia: A Specific Proposal. Economic Analysis and Policy,37(2):163-186.

Document type: Journal Article
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Title Personal Income Tax Reform in Australia: A Specific Proposal
Author Tran-Nam, B.
Vu, L.
Andrew, Brian H.
Journal Name Economic Analysis and Policy
Publication Date 2007
Volume Number 37
Issue Number 2
ISSN 0313-5926   (check CDU catalogue  open catalogue search in new window)
Start Page 163
End Page 186
Total Pages 24
Place of Publication Australia
Publisher Economic Society of Australia (Qld)
Field of Research 1402 - Applied Economics
HERDC Category C1 - Journal Article (DEST)
Abstract Australian personal income tax (PIT) currently faces major problems. Recent calls for PIT reform have been made from many quarters of Australian society. This paper reports on some early findings of an ARC Linkage project on PIT reform. In the first phase of this project, STINMOD, a microsimulation model, is used to construct and test a series of hypothetical PIT packages in order to establish which packages can best deliver the required policy outcomes. Under the principles of revenue-neutrality and incrementality, a preferred PIT package with a broader tax base and a flatter tax rate structure is derived. It is shown that this PIT proposal outperforms the current PIT with respect to all traditional criteria for good tax policy.
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