International Law

The Australia?s Future Tax System Review Panel has released a consultation paper on the tax review. It includes discussion on:

• Personal tax and transfers
• The retirement income system
• Taxing business and investment
• Not-for-profit organisations
• Complexity ? cost, risk and transparency
• State and local taxes and transfers
• Tax and transfer impacts on housing
• Taxes on specific goods and services
• Fuel, roads and transport
• Tax-transfer impacts on the environment
• Natural resource charging

The paper reports on the views expressed in submissions to date, discusses some of the main issues and outlines further questions. The answers to the questions will help the Panel shape its recommendations for the final report in December 2009.

The Panel has also released its separate consultation paper on retirement income. The closing date for retirement income submissions is Friday 27 February 2009.

The Panel will report to the Treasurer on retirement income by the end of March 2009.