6 hot topics for upcoming taxation symposium

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How tax literate Australians are will be revealed in details at Friday's Queensland Tax Researchers' Symposium.

In the build-up to the sixth Queensland Tax Researchers’ Symposium in Brisbane this Friday (July 3), here are six important topics up for discussion.

1.

The first study to measure the levels of tax literacy in Australia is not before time and shows that 81% of Australians have a tax literacy score at the ‘basic’ or higher level.

2.

Under current taxation arrangements in Australia, will we have sufficient accumulated superannuation to adequately fund our retirement?

3.

How well placed are accountants to provide advice on Self-Managed Superannuation Funds? Given their limited formal training in this area, the need for licencing accountants and on-going training is critical.

4.

Why luxury car tax in Australia should be reformed rather than removed to create a broadly based tax focused on vehicles’ carbon emission or fuel efficiency.

5.

How tax avoidance by multinational enterprises like Apple and Google can be curtailed by international tax regimes.

6.

Should renovators in reality shows like The Block be subject to taxation?

Griffith Business School will host the 2015 Queensland Tax Researchers Symposium at its South Bank campus on Friday, bringing together some of the leading tax academics from Queensland, Australia and New Zealand.

Associate Professor Lisa Marriott, Victoria University, will deliver the keynote address on Friday morning before a series of panel discussions covering five major themes: tax policy, administration, superannuation, international, reforms and insolvency.

“More than 20 presenters will address a wide range of taxation topics from BEPS to GST compliance by small business, from tax literacy to superannuation,” Anna Mortimore, a taxation lecturer and event organiser, Griffith Business School, said.

“The symposium aims to encourage and nurture independent tax research.”

The symposium will be preceded on Thursday afternoon by the third meeting of the Australasian Tax History Chapter which will include an examination of how tax and technology have become intertwined.