Policy in the Pub: Replacing the corporate income tax with a cash flow tax
From: Thursday May 16, 2019, 5:30 pm
To: Thursday May 16, 2019, 6:30 pm
The case for replacing the corporate income tax with a cash flow tax
Business taxation is in a state of crisis. There is widespread recognition that the 20th century corporate tax models are deeply flawed in 21st century conditions, but there is no consensus on an ideal reform.
In this talk, Ross and Stephen will set out an alternative approach to corporate income taxation. They will argue that introduction of a cash flow tax to replace the current corporate income tax would remove distortions like the promotion of debt over equity which undermines economic stability; boost innovation and investment; reduce inequality; be relatively simple to administer and capture multinational companies that shelter in low tax jurisdictions.
Join us for Policy in the Pub to hear from Ross Garnaut and Stephen Anthony.
About our speakers
Ross Garnaut is an economist whose career has been built around the analysis of and practice of policy connected to development, economic policy and international relations in Australia, Asia and the Pacific. He has held senior roles in universities, business, government and other Australian and international institutions.
He is Professorial Research Fellow in Economics at the University of Melbourne. In 2009 Ross was awarded the degree of Doctor of Letters, honoris causa, from the Australian National University and in 2013 he received a Doctor of Science in Economics, honoris causa, from the University of Sydney. He is a Fellow of the Australian Academy of Sciences and a Distinguished Fellow of the Economic Society of Australia. In addition, Ross is a Distinguished Life Member of the Australian Agricultural and Resource Economics Society and also an Honorary Professor of the Chinese Academy of Social Sciences.
Ross was Chairman of the Papua New Guinea Sustainable Development Program Limited from 2002 to 2012 and its nominee Director to Ok Tedi Mining Limited 2002 to 2013 (Chairman 2011-2013). He was Chairman of Lihir Gold Limited from 1995 to 2010.
Stephen Anthony is the Chief Economist at Industry Super Australia. Stephen is a highly experienced macroeconomist and fiscal policy specialist with over twenty years of experience. He has previously worked at the economic modelling firm Macroeconomics and as a senior policy officer at both the Federal Treasury and Department of Finance in Canberra in fiscal policy and budget analysis. Earlier in his career he worked briefly for the International Monetary Fund, the Heritage Foundation and Institute for International Economics whilst undertaking studies in Washington, D.C.
Stephen holds a first-class honours degree in economics from La Trobe University in Melbourne and Masters in Public Policy from Georgetown University in Washington DC and a PhD in Economics from La Trobe University.
Photo Didier Weemaels https://unsplash.com/photos/ZKVBM2_Dp84/info
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