Economic Rent and Taxation - A Lawyer's Guide
21 Pages Posted: 18 Jan 2012
Date Written: January 23, 2011
Abstract
The paper argues that taxing economic rent is at the heart of the Henry Tax Review in Australia. Economic rent arises from monopoly. The tendency to monopoly is built into the way capitalism is organized. Competition leads to monopoly. The ongoing monopolization of the global economy and Australian economy will mean that despite the Labor Government's rejection or watering down of key economic rent tax proposals in Henry, future governments will come under immense budgetary, economic, social and political pressure to revisit the proposals or variants of them.
Suggested Citation: Suggested Citation
Passant, John, Economic Rent and Taxation - A Lawyer's Guide (January 23, 2011). Available at SSRN: https://ssrn.com/abstract=1987571 or http://dx.doi.org/10.2139/ssrn.1987571
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