2 Introduction to the Australian Tax System[rtf]

The reform of commonwealth state financial relations

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the Reform of Commonwealth –  State Financial Relations § In return for the benefit, states have  abolished certain state taxes, eg: § Financial institutions duty § Debits tax § Bed taxes § Stamp duty on marketable securities History of taxation in History of taxation in     Australia Australia § Colonial taxes:
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§ Customs and excise duties § Licence fees for gold miners § Estate duties § Land tax § Income tax § Federation in 1901 results in  Commonwealth having power to  levy taxes and States losing power  to levy customs and excise duties Early income tax history Early income tax history § Commonwealth income tax  introduced in 1915 (levied  concurrently with State income  taxes) § Income Tax Assessment Act   1936  used as model for State Acts § 1942 Uniform Tax Scheme ends 
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State income taxation Some key years Some key years § Customs and excise duties (1902) § Commonwealth income tax (1915) § Sales tax (1930) § Income Tax Assessment Act  (1936) § General anti-avoidance regime:  Part IVA (1981) § Medicare levy introduced (1983)  § Capital gains tax regime (1985) § Fringe benefits tax regime (1986) § Income Tax Assessment Act  (1997) § Goods and Services Tax (2000) Tax policy and reform Tax policy and reform § Lobby groups § Australian Council of Social Service § Taxation Institute of Australia
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§ Law Council of Australia § Institute of Chartered Accountants in  Australia § CPA Australia  § Key stakeholders in tax system § Government § Taxpayers § Tax professionals   § Tax reviews § Asprey Committee Review (1975)  § Reform of the Australian Tax System  (1985)  § Review of Business Taxation (1999)   ANTS reforms ANTS reforms §
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