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The Henry Review - A liberal critique video
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Publication date: 31 Aug 11 | Source: NATIONAL DIVISION, THE TAX INSTITUTE
Abstract:
There are two principal answers to the question: “How should tax be allocated, given a particular revenue requirement?” One answer is the “ability to pay” principle. The other is the benefit theory, which says that those who benefit most from government should pay the most tax. The “ability to pay” principle has won out as the principle for allocating taxation. But what is the best practical measure of ability to pay? Income, consumption and wealth are all candidates.
In this video, the presenter examines the Henry Review and its recommendations in the light of liberal principles. The article discusses proposals for reform of consumption taxes (the GST), state taxes and the federal
system, the complexity of tax laws, the abolition of a range of levies and tax offsets, a “standard” deduction, and capital taxation. The video concludes with some remarks on the outlook for reform in Australia.
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The Henry Review - A liberal critique
Author(s):
Adam Creighton
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Author profile
Adam Creighton
Adam works for the Centre for Independent Studies. - Current at 01 September 2011This was presented at The Great Tax Debate .
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Individual sessions
The Great Tax Debate - Panel B
Author(s): Greg SMITH, Henry Ergas, Adam Creighton, Cassandra GoldieMaterials from this session:
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The Great Tax Debate - Panel A
Author(s): Mathias Cormann, Rob OakeshottMaterials from this session:
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A process to implement a tax reform agenda
Author(s): Rob OakeshottMaterials from this session:
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The principles underpinning an efficient and equitable tax system
Author(s): Mathias CormannMaterials from this session:
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The impact of tax reform proposals on lower income earners and housing affordability in Australia
Author(s): Cassandra GoldieMaterials from this session:
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The inefficiencies in and distrortions caused by our tax system
Author(s): Henry ErgasMaterials from this session:
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Tax reform: Priorities and prospects
Author(s): Greg SMITHMaterials from this session:
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The Henry Review - A liberal critique
Author(s): Adam CreightonMaterials from this session:
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