The Fiscal and Fairness Implications of the Stage 3 Income Tax Cuts (Video Available)

Speakers: Adjunct Professor Cassandra Goldie,  Professor Guyonne Kalb,  Professor Roger Wilkins, Professor Miranda Stewart,  Dr Kathryn James, Peter Mares (MC) and  Professor Jo Barraket (introduction).

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The Tax Law and Policy research program of the Melbourne Centre for Commercial Law and the Melbourne Social Equity Institute invite you to a hybrid seminar on the fiscal and fairness implications of the Stage 3 income tax cuts.

The Stage 3 tax cuts were legislated in 2019 with bipartisan support and are due to commence on 1 July 2024. The cuts involve a significant flattening of the progressive personal income tax and are estimated to amount to approximately AUD 184 billion in revenue foregone over the first 8 years of their operation. Distributional analysis suggests that the benefits of the cuts primarily accrue to high wealth and income taxpayers.

This public seminar will discuss the fiscal and fairness implications of the tax cuts and query whether their retention can be justified. The seminar will feature legal, economic and political analysis of the tax cuts from experts across the University of Melbourne and feature an address by Cassandra Goldie (CEO, ACOSS) to discuss the concerns of the community and welfare sector.

The seminar is the first in a series of events organised by the Community Tax Project – an alliance between the academic and community and welfare sectors to advocate on tax policy and reform to better achieve social and economic justice.

The project is supported by the Tax Law and Policy research program at the Melbourne Centre for Commercial Law and with funding provided by the Melbourne Social Equity Institute and the Australian Research Council (DE190100346).