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1985 reform of the Australian tax system

Crawford School of Public Policy | Tax and Transfer Policy Institute
Image sourced from Paul Tilley

Event details

Seminar

Date & time

Friday 16 April 2021
4.00pm–5.00pm

Venue

Zoom online

Speaker

Paul Tilley, Visiting Fellow, Tax and Transfer Policy Institute

Contacts

Diane Paul
02 61259318

The audio recording of the event, and Power Point slides are available in the ‘downloads’ tab above.

After the tumult of the Whitlam government, the Fraser government (1975-1983) saw consolidation with less reform. The 1975 Asprey report remained largely unactioned, despite the fundamental problems that burdened the Australian tax system. The 1983 election of the Hawke government, however, set in train a series of economic reforms, and tax would play a big part in these. This paper tracks those developments, starting with the tax avoidance and evasion issues that plagued the era and the 1981 Campbell Committee financial system review. The main focus, though, is on the 1985 draft white paper and tax summit that delivered the first instalment of the Asprey blueprint. While the broad-based consumption tax didn’t get up, the package reformed Australia’s income tax system, with a capital gains tax, a fringe benefits tax, a foreign tax credit system and a dividend imputation system.

Download Paul Tilley’s working paper 1985 reform of the Australian tax system

Updated:  17 October 2021/Responsible Officer:  Crawford Engagement/Page Contact:  CAP Web Team