Income taxation commentary and materials

The formula of this established text remains the same in this new edition. The last section (entities and international) has been expanded along the lines of the first and second editions with discrete chapters to replace the amalgamated chapters for 'international' and 'entities'.

Stop taxing happiness : a new perspective on progressive taxation

The development of taxation law and policy has been driven largely by economic considerations and economic theory. Underlying this is the assumption that money is important to human well-being and is in fact the most important thing in this regard. Recent empirical studies of human well-being disprove this assumption. Money has only a limited bearing on happiness. It follows that economic arguments that have long shaped taxation law and policy should be discarded in preference for recent learning concerning what really matters to people. The results of the recent studies have significant implications for the manner in which we should raise tax. We argue that for income under approximately $20,000 the rate should be 0 to 5 per cent. For income between $20,000 to $50,000 the rate should be about 15 per cent. Incomes beyond this level should taxed at approximately 75 per cent. There is no reason to have further rate differentials.

Once you get into the box you can't get out : Schools managing at risk students and their post-school options

This paper explores student and teacher understandings of what it means to be 'at risk' in a Northern metropolitan Melbourne school located in the area of high cultural diversity and unemployment. The research team undertook a range of interviews with 20 Year 10 students and their teachers as part of a research project investigating teacher and student attitudes to the role of the school in how at risk young people understand their futures. Drawing on Bourdieu's notion of habitus for a conceptual framework, we describe three 'anecdotal cases’ that exemplify the 'static' nature of the relations between the school, the teachers, the students and the community. The cases highlight the following paradoxes: (i) a teacher discourse of care that fails to address student motivation and attempts to change; (ii) a lack of agency for both teachers and students when dealing with at risk categories and attempts to best manage post school options; and (iii) the apparent alienation from the school of parents in an otherwise cohesive local community. These tensions were manifestations of staff composition and dynamics, cultural attitudes, and a limited sense of location that worked against resilience, mobility and capacity building for the students.
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Identifying the barriers to implementing the Victorian Department of Education and Training guidelines regarding the provisions of nutrient dense food options in school canteens

Aims & rationale/Objectives : To identify barriers to the full implementation of new guidelines regarding school canteen menus launched by The Victorian Education Department in May 2004.
Methods : A self-administered questionnaire was sent to principals, business mangers and canteen managers of 13 secondary schools in South West Victoria covered by The Greater Green Triangle area (response rate 59%). The questions explored the canteen's role, operation, staffing and profits; existence and content of canteen policy; enablers and barriers to the sale of healthier foods; introduction and promotion of healthier foods; and perceived implications of banning less healthy foods.
Principal findings : The study identified several barriers to implementing healthy menus in school canteens, these being largely consistent with those found in other studies. The majority of schools reported they were making attempts to follow the guidelines for school food services, but were experiencing difficulty in proceeding to full implementation. The barriers identified through the study were student preference for less healthy options, concerns about profitability, lack of policy or its active communication and promotion at the school level and competition from other food outlets.
Discussion : There was evidence that healthy foods had not been actively promoted, suggesting that identification of student preferences as a barrier was based on perception rather than observation. The Victorian guidelines are effectively voluntary, with no accountability measures in place.
Implications : Research needs to be conducted to provide reliable and tested information about factors which impact on student choice. Schools would benefit from specialised assistance to formulate business plans for contemporary canteens selling healthy food and a clarification of government policy.
Presentation type : Poster

UNEP's finance initiative : beyond bluewash?

Sustainable finance is a burgeoning area of international relations that cross-sects trends towards financial liberalization and global environmental governance. This article seeks to examine the role of the United Nations Environment Program (UNEP) in the emergence of a global sustainable finance regime through its finance initiative in 2003. Specifically, the article proposes research on the establishment and robustness of UNEP's finance initiative and the extent to which it has been taken up by the global finance industry. It aims to compare UNEP's finance initiative with the Equator Principles established by the International Finance Corporation (IFC) in 2004, which determine environmental policy targets for the banking industry. The comparison reveals institutional differences which maintain UNEP's position as a contributor although not necessarily a leader in the emerging sustainable finance regime.