Economic Rent and Taxation - A Lawyer's Guide

21 Pages Posted: 18 Jan 2012

See all articles by John Passant

John Passant

Australian National University (ANU), College of Arts and Social Sciences, School of Politics & International Relations, Students

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

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

John Passant (Contact Author)

Australian National University (ANU), College of Arts and Social Sciences, School of Politics & International Relations, Students ( email )

Canberra
Australia
0422 984 334 (Phone)

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
287
Abstract Views
1,526
Rank
193,678
PlumX Metrics