The Resource Defining a small business in Australian and New Zealand Taxation : less is more
Defining a small business in Australian and New Zealand Taxation : less is more
Resource Information
The item Defining a small business in Australian and New Zealand Taxation : less is more represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.This item is available to borrow from 1 library branch.
Resource Information
The item Defining a small business in Australian and New Zealand Taxation : less is more represents a specific, individual, material embodiment of a distinct intellectual or artistic creation found in International Bureau of Fiscal Documentation.
This item is available to borrow from 1 library branch.
- Summary
- Small businesses are important to both the Australasian and New Zealand economies, and as a consequence are provided with a number of tax concessions. Two issues need to be addressed in the provision of small business tax concessions. First, the concessions need a convincing policy rationale, and secondly, a small business needs to be defined. There is a need for governments worldwide to justify that a small business tax concessions regime falls within a wider tax policy framework. Assuming concessions are considered to be beneficial than an appropriate definition of a small business needs to be constructed. Defining a small business is an extremely challenging exercise. This article compares the very different approaches taken by the Australian Commonwealth and New Zealand governments in defining small businesses entitled to taxation concessions. Tax concessions and more complex systems tend to favour certain small businesses over others. This article finds that New Zealand's light touch approach of a simpler and more neutral system of small business taxation is preferable
- Language
- eng
- Label
- Defining a small business in Australian and New Zealand Taxation : less is more
- Title
- Defining a small business in Australian and New Zealand Taxation : less is more
- Language
- eng
- Summary
- Small businesses are important to both the Australasian and New Zealand economies, and as a consequence are provided with a number of tax concessions. Two issues need to be addressed in the provision of small business tax concessions. First, the concessions need a convincing policy rationale, and secondly, a small business needs to be defined. There is a need for governments worldwide to justify that a small business tax concessions regime falls within a wider tax policy framework. Assuming concessions are considered to be beneficial than an appropriate definition of a small business needs to be constructed. Defining a small business is an extremely challenging exercise. This article compares the very different approaches taken by the Australian Commonwealth and New Zealand governments in defining small businesses entitled to taxation concessions. Tax concessions and more complex systems tend to favour certain small businesses over others. This article finds that New Zealand's light touch approach of a simpler and more neutral system of small business taxation is preferable
- Citation source
- In: New Zealand journal of taxation law and policy. - Wellington. - Vol. 22 (2016),
- http://library.link/vocab/creatorName
- Kenny, P
- Language note
- English
- http://library.link/vocab/subjectName
-
- small business corporation
- tax policy
- concession
- business
- GST
- Label
- Defining a small business in Australian and New Zealand Taxation : less is more
- Label
- Defining a small business in Australian and New Zealand Taxation : less is more
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Defining-a-small-business-in-Australian-and-New/2UwZXi5nB5c/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Defining-a-small-business-in-Australian-and-New/2UwZXi5nB5c/">Defining a small business in Australian and New Zealand Taxation : less is more</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
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<div class="citation" vocab="http://schema.org/"><i class="fa fa-external-link-square fa-fw"></i> Data from <span resource="http://link.library.ibfd.org/portal/Defining-a-small-business-in-Australian-and-New/2UwZXi5nB5c/" typeof="Book http://bibfra.me/vocab/lite/Item"><span property="name http://bibfra.me/vocab/lite/label"><a href="http://link.library.ibfd.org/portal/Defining-a-small-business-in-Australian-and-New/2UwZXi5nB5c/">Defining a small business in Australian and New Zealand Taxation : less is more</a></span> - <span property="potentialAction" typeOf="OrganizeAction"><span property="agent" typeof="LibrarySystem http://library.link/vocab/LibrarySystem" resource="http://link.library.ibfd.org/"><span property="name http://bibfra.me/vocab/lite/label"><a property="url" href="http://link.library.ibfd.org/">International Bureau of Fiscal Documentation</a></span></span></span></span></div>
