Posted: May 11th, 2022

Henry told us in his guide to the Institutional Framework of Taxation in Australia

Written Evaluation
Price 25%
Due Friday 16th April 2021 @ 11.59 pm
Henry advised us in his information to the Institutional Framework of Taxation in Australia that the Australian Taxation System is likely one of the most advanced on this planet and is made up of roughly 125 taxes together with taxes equivalent to Revenue Tax, Capital Positive aspects Tax, Fringe Advantages Tax and Items and Providers Tax. He additionally talked about that there are various totally different organisations that play totally different and essential roles inside this technique to make sure its integrity and that each one Australians are handled equally and with fairness.
The Australian Taxation System is embedded within the lifestyle for all Australian taxpayers. We pay tax on our earnings, we pay tax once we buy items and use providers, and we pay tax once we promote belongings, to call a number of. In return the Authorities supplies public providers and advantages e.g. hospitals, colleges, defence, and monetary help to these in want and many others.
As we all know the federal government depends closely on the income from taxation to have the ability to finance its actions and the providers it affords to the general public. As such, reforms and critiques on taxation are sometimes the main focus of the Australian authorities.
This can also apply to different nations as effectively who use their taxation methods to make sure the sleek working of their nations funds and to help the nation in occasions of want. This was clearly evident within the latest Covid-19 disaster the place many companies and particular person taxpayers needed to be assisted by their governments and a number of help got here from taxation authorities. As nations get well from Covid-19 they want to make sure that their economies are additionally recovering to make sure the continuing assist of important providers that taxation helps to assist.
Your process will likely be to take a look at this topical space of taxation and to adjust to the directions beneath.

Required
This evaluation requires you to remark and supply your opinion on how the Australian Authorities’s coverage to permit eligible companies with an aggregated turnover of lower than $5 billion to deduct the total value of latest eligible depreciating belongings which might be first held and first used or put in prepared to be used for a taxable goal on and earlier than 30th June 2022.

There are 2 elements to this evaluation
Half One – Price 5%
Evaluation conventional and on-line media (i.e. newspapers, respected on-line information websites and many others.) that debate this measure.
You might want to discover 10 articles which relate to the subject/s above. These articles have to be connected and submitted along with your task. The articles must be from the years 2020/2021 solely.
Should you wouldn’t have entry to precise newspapers then it’s possible you’ll use the Factiva Database throughout the Curtin Library. A factsheet on learn how to use this database and a brief video presentation is included within the evaluation hyperlink for this task on the Blackboard.
You might also use on-line information sources.
Importantly, the articles have to be scanned or saved as PDF information and uploaded to the Blackboard within the applicable space throughout the evaluation tab.
Please be aware we is not going to settle for hyperlinks to the articles.

Half Two – Price 20%
After studying the articles and exploring the difficulty in additional element you will have to write down an essay, of not more than 2,500 phrases, exploring:
How this measure launched by the Australian Authorities will assist the economic system restoration and help companies affected by the Covid-19 restrictions to maneuver ahead of their restoration efforts
In your essay, you must tackle questions equivalent to:
1. Outline the brand new measures concerning the rapid deduction of plant and tools launched by the Authorities
2. Talk about the kind of taxpayers the measures are aimed
three. In your opinion, ought to the measures be given to all enterprise taxpayers or restricted to small companies, define your reasoning to your opinion
four. In your opinion, will these measures assist to stimulate the economic system as per the Authorities coverage intention?
5. Has there been a rise in spending on plant and tools you can see so far or it’s too early decide?
6. Total do you suppose this measure is efficient and may it’s expanded previous the top date?
Formal necessities
Half two requires you to provide a 2500 phrase essay on the above factors and to specific your opinion of this subject which must be primarily based in your findings from the articles you’ve gotten collected and every other analysis it’s possible you’ll wish to undertake.
Please don’t simply present an in depth abstract of the articles you’ve gotten included in Half One.
It’s essential to full and fix the quilt web page (supplied on Blackboard) and embody a reference record in your essay.
The phrase restrict doesn’t take note of the quilt web page or references. A most extra of 10% is allowed on the phrase restrict.

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