Discuss the rationale for taxing capital gains in australia

Reference no: EM133335440

Assignment:

It has long been accepted that taxing consumption, property and labour can be much more efficient than taxing more mobile factors such as elements of capital.

Consider the rationale for taxing capital gains in Australia. In your response you should explore whether this regime satisfies or offends the commonly observed maxims of good taxation policy: equity, efficiency, simplicity and policy consistency.

Further consider whether it is appropriate, on tax policy grounds, to provide an exemption for the family home in light of potential competing political and social views.

Reference no: EM133335440

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