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BULAW3731 Introduction to Income Tax Law

Preliminary matters
• Content of course
• Books
• Lectures + tutorials
• Assessment
• Overview of this topic
• Reading for this topic

  1. Historical background
    • Deeply rooted in history
    • 1915-1942
    • 1942
    • More recent events
  2. Functions of tax
    • Revenue raising
    • Social and political
    • Redistribution
  3. ‘Categorising’ Taxes
    Proportional Progressive Regressive
  4. Features of a good tax system
    • Simplicity
    • Efficiency
    • Flexibility
    • Neutrality
    • Equity
  5. Sources of tax law
    In Australia, there is primarily:
    • Statute Law
    • Common Law
    • Tax Rulings
  6. Constitutional aspects
    • S51(ii)
    • S90
    • s109
  7. Commonwealth taxes
    • Income tax
    • Payable by individuals & other entities (such as
    companies and trusts)
    • Rates depende

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