A hard road for CGT reform

Article Abstract:

The Australian government is attempting to reform the capital gains tax (CGT). The Ralph Committee's reforms are likely to include incentives to encourage American venture capital. Scrip rollover, which allows shareholders to accept shares without tax liability, is another likely reform. A key change will be the introduction of a gradual rate of CGT, in which tax rates decline according to the time an asset is held and the taxpayer's marginal rate. The extent of reductions in the CGT rate depends on the cost, estimated at $750 million a year for a stepped CGT by 2003-2004.

Public Finance Activities, Corporate Capital Gains Taxes, Tax Reduction, Statistical Data Included, Economic aspects, Corporate taxes, Taxation, Tax policy, Capital gains tax

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Farmers threaten a food fight

Article Abstract:

Biosecurity Australia has suggested instituting a system of testing and processing to reduce the disease risk from imports by easing restrictions on pork imports. This in addition to the draft free-trade agreement (FTA) with the United States has angered the rural producers and as damage control, the Government has announced an inquiry into the economic effects of quarantine changes.

Animal Slaughtering and Processing, Meat Products, Imports, Pork Primal Cuts, Pork, Prevention, Diseases, Commercial treaties, Trade agreements

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Hot rocks get hotter

Article Abstract:

The views of Ian Macfarlane, the federal minister for Industry, Tourism and Resources of Australia, on the future of uranium industry and its exports to nuclear power plants, are presented. American President George W. Bush's views on increasing the number of nuclear power plants and the new energy act are also presented.

Forecasts, trends, outlooks, Primary nonferrous metals, not elsewhere classified, Uranium-radium-vanadium ores, Forecasts and trends, Beliefs, opinions and attitudes, Market trend/market analysis, Bush, George W., Nuclear power plants, Uranium industry, Macfarlane, Ian, Industry forecasts

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