The 1985 ‘Reform of the Tax System’ (or RATS as it was known) changed the landscape of Australian Tax, giving us things like capital gains tax (CGT); franking of dividends (to end the double taxation of company profits distributed as dividends), the Fringe Benefits Tax (FBT) and more. For those of us old enough to remember, or those young enough, who want to learn, the ‘Tax and Transfer Policy Institute April Working Paper, reproduced in this article, will be instructive and, perhaps, even nostalgic.

See below for the Paper and further details.

[Tax Month – April 2021]

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