Australian Taxation Office

New or updated materials on ATO website, including:

Efficiency and incidence of Australian taxes

Treasury has released a working paper on the economy-wide efficiency and incidence of major Australian taxes. The paper is intended to contribute to the broader discussion about the structure of Australia's tax system by estimating welfare cost and identifying the economic incidence of marginal changes to the tax system. The paper finds that stamp duty on conveyancing and company income tax are the least efficient taxes, whilst the most efficient is a hypothetical broad-based land tax, and that the incidence of major taxes is largely borne by workers.