Recent Question/Assignment

Word Limit
Estimated 2,500 in total. Please be aware that assignments less than the required length will risk not covering the topics adequately.
Required
Tax reform is a topic of heated debate in 2016 – an election year in Australia.
Included in the debate are proposed changes to the negative gearing regime – particularly as it applies to investments in housing.
Complete the tasks in Part A (worth 60 marks) Part B (worth 40 marks).
Part A
Describe how negative gearing currently operates - in your response refer to relevant sections of legislation.
Discuss
Evaluate your selected State tax in terms of its function as a tax; and whether it exhibits the features (characteristics) of a good tax system.
Hints:
• Identify and discuss the meaning of ‘functions of taxation’.
• Identify and discuss features or characteristics of a good tax system.
• Limit your discussion to State imposed taxation.
Part B
Propose a way of reforming your selected State tax to enable it to better meet the functions of taxation, while exhibiting the same or more features of a good tax system.
Hints:
• Limit your discussion to State imposed taxation.
• You cannot suggest that States may pass on responsibility for funding certain areas (eg Hospitals) to the Commonwealth.
Reference & Citation APA style.