3 (Australian Taxes)[1]

Licence fees for gold miners estate duties land tax

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Licence fees for gold miners Estate duties Land tax Income tax Federation in 1901 Commonwealth has power to levy taxes  States lose power to levy customs and excise  duties
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Foundations of Taxation Law © CCH Australia Limited Some key years Some key years Customs and excise duties (1902) Income tax (1915) Sales tax (1930) Uniform tax scheme (1942) Part IVA general anti-avoidance regime (1981) Medicare levy (1983)  Capital gains tax (1985) Fringe benefits tax (1986) Goods and services tax (2000) [¶3.5](b)
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Foundations of Taxation Law © CCH Australia Limited Revenue sharing Revenue sharing Commonwealth shares tax revenue with States Commonwealth Grants Commission advises on  allocations Level of assistance decided at Premiers’ Conference [¶3.6]
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Foundations of Taxation Law [¶3.7](a) © CCH Australia Limited Tax lobby groups and stakeholders Tax lobby groups and stakeholders Lobby groups Australian Council of Social Service Taxation Institute of Australia Law Council of Australia Institute of Chartered Accountants in Australia CPA Australia  Key stakeholders in tax system Government Taxpayers Tax professionals 
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Foundations of Taxation Law [¶3.7](b) © CCH Australia Limited Tax reviews Tax reviews Asprey Committee Review (1975) Reform of the Australian Tax System (1985) Review of Business Taxation (1999) Henry Tax Review (2009) 
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Foundations of Taxation Law [¶3.8] © CCH Australia Limited ANTS reforms ANTS reforms Tax Reform — Not a New Tax — A New Tax System   (1998) ANTS reforms resulted in: GST system Australian Business Number system  Pay As You Go system Review of Business Taxation reforms, eg: Uniform capital allowance regime Simplified imputation regime Consolidation regime  Debt and equity regime
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Foundations of Taxation Law © CCH Australia Limited [¶3.9](a) Australia’s Future Tax System Australia’s Future Tax System Henry Tax Review delivered its final report (AFTS  Report) in December 2009 AFTS Report released by government in May 2010 AFTS Report contained 138 recommendations  relating to broad range of areas Only a few recommendations in the AFTS report were accepted by the Rudd government
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Foundations of Taxation Law © CCH Australia Limited [¶3.9](b) Resource super profits tax Resource super profits tax
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