Is it Politically Impossible to Introduce Major Reforms to Tax Policy in Australia?

Does recent history suggest that it is
politically impossible to introduce major
reforms to tax policy in Australia?

Table of Contents
INTRODUCTION...........................................................................................................................1
Main body........................................................................................................................................1
CONCLUSION................................................................................................................................7
REFERENCES................................................................................................................................8

INTRODUCTION
The concept and implication of tax reform tends to be generally associated with the ways
that is being adopted and implicated by a form to improve the efficient level of the tax
administration (Béland & Lecours, 2011). Apart from this, the concept of the tax reforms also
aims at and focused to maximize the economic as well as the social level of benefits that can be
achieved and implicated through making required changes and modification within the tax
system. The current essay writing is tending to be based on the topic of the “Does recent history
suggest that it is politically impossible to introduce major reforms to tax policy in Australia?”.
Further, it has been seen that the Australia tend to have the income tax regime that is tend to be
very progressive in nature as compared with other countries. Along with this, it has been also
seen that the Australia is also tend to have relatively low level of the average as well as leading
the set level of the marginal tax rates at the level of the low income but it tends to be relatively
high based on the marginal tax rates at high income levels.
Main body
Australian Taxation history was affected because of aftermath of WW1. In 1915, the two
sides of governmental issues acknowledged the requirement for the bureaucratic personal duty to
raise incomes during World War I. The annual assessment was presented by Mr Billy Hughes in
the Labor Government, thereafter Attorney General within Prime Minister Fisher. The
Government had quite recently been reappointed after a twofold disintegration and with a larger
part in the two Houses - helpful, on the off chance that not fundamental, in accomplishing
significant duty change. Not long later, Billy Hughes as Prime Minister endeavoured to present
enrolment for World War I, and was broadly ousted from the Labor Party accordingly (Van
Reyk, 2021). The 1915 base of income tax was to a great extent bound to common pay
determined in Australia. Deductions were considered misfortunes or outgoings really caused in
Australia. Capital increases were not burdened. Like the United Kingdom, Australia didn't
burden capital gains (or permit a derivation for capital misfortunes) until we established a
particular legal system in 1986. This differentiations with the United States, which burdened
capital increases as pay from initiation of its government personal duty, albeit later presenting
special rates.
1