Design considerations for an Allowance for Corporate Equity (ACE) for Australia
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Kayis-Kumar, A.
Rose, T.
Breunig, R.
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Crawford School of Public Policy, The Australian National University
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Australia is facing a crisis in business investment. Even prior to the COVID-19 pandemic, Australia was experiencing capital shallowing"?the ratio of capital to labour has fallen. Weak investment contributes to low productivity growth and the low wage growth that this engenders. Weak investment jeopardises Australia's future economic growth and prosperity. This is a serious concern for Australia. In this paper we discuss adoption of an Allowance for Corporate Equity (ACE) in Australia. We begin by briefly discussing problems with the current corporate tax system We provide background about the ACE and why it might be a desirable direction for reforM
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Tax and Transfer Policy Institute Working papers
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