Peter Mellor Discussion

2 Federal/State Finance Defining spending roles and responsibilities Type of taxes Revenue amount Allocation of taxes between Cth and States Tax Reform After Henry

3 Federal/State Finance Current revenue transfers: GST, “National Specific Purpose Payments” Problems of accountability (Much worse in context of State borrowing arrangements in the 1980s) Tax Reform After Henry

4 Federal/State Finance The role of the Commonwealth Health Economic regulation: Work Choices Universities, defamation, town planning, wage and price control Tax Reform After Henry

5 Federal/State Finance Role of the States: administrative agencies? State sales tax: cash flow basis State income tax Political problems: apportionment Tax Reform After Henry

Discussion Rick Krever

7 Redistribution top 0.1 percent trebled share of taxable income from 1980 average pay of the top-100 Australian CEOs rose twice as fast as ordinary workers from 1993 to 2009 top 2.7% of income earners derived 51.5% of all capital gains Tax Reform After Henry

8 Mining super profits tax heckling of Fred Daly press commentators; Xstrata; Chinalco; Rio political comments vs commercial comments political economy of tax reform: transparency, explanation, package Tax Reform After Henry