A no-returns tax system for Australia : some inconvenient facts /Publisher: Canberra, A.C.T.Agenda : a journal of policy analysis and reform; 16(4)67-82 2009Description: PDFISSN: 1447-4735Subject(s): Policy Sciences Research | Taxation | Taxation Research | Economy | Politics | Methodology | Australian National University (anu) | EconomicsDDC classification: PER Online Resources: Electronic copy
It has been proposed that Australia adopt a ?no-returns? income tax system. One consequence of such a reform would be the standardisation, or even elimination, of work-related expense deductions. Using ATO data it is shown that in introducing a no-returns tax system and eliminating work-related expense deductions, the average Australian (making a claim) would save 68 on accountant fees but forgo 860. In addition eliminating itemised work-related expense deductions would have a regressive impact.