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Full-Text Articles in Business
Are Returns Received By Householders From Electricity Generated By Solar Panels Assessable Income?, John Passant, John A. Mclaren, Parulian Silaen
Are Returns Received By Householders From Electricity Generated By Solar Panels Assessable Income?, John Passant, John A. Mclaren, Parulian Silaen
Faculty of Business - Papers (Archive)
More than one million households in Australia are generating electricity from solar photovoltaic panels installed on their homes and they receive a credit or payment, namely a return in some form for the electricity generated. The focus of this article is on domestic households and the returns they receive from solar panels installed on their roofs. This article contends that such returns in the form of a credit or actual payment to households for electricity generated from solar panels is ordinary income from property and should be treated as assessable income. Where the electricity generated is fed back into the …
Do Low-Skilled Migrants Contribute More To Home Country Income? Evidence From South Asia, Arusha V. Cooray
Do Low-Skilled Migrants Contribute More To Home Country Income? Evidence From South Asia, Arusha V. Cooray
Faculty of Business - Papers (Archive)
A recursive system is employed to investigate the indirect effect of out-migration on gross domestic product (GDP) through remittances in South Asia, namely Bangladesh, India, Nepal, Pakistan, and Sri Lanka. Out-migration is further disaggregated by skill level and country of destination (Middle East and other), and their effects on GDP through remittances are examined. The results suggest that migration and remittances have an important significant effect on the GDP of the countries under study. Of the skill categories, the unskilled category has the largest robust indirect effect on GDP. The effects of migration on GDP by country of destination suggest …
Evidence On The Convergence Of Per Capita Income: A Comparison Of Founder Members Of The Association Of South East Asian Nations And The South Asian Association Of Regional Cooperation, Kankesu Jayanthakumaran, Shao-Wei Lee
Evidence On The Convergence Of Per Capita Income: A Comparison Of Founder Members Of The Association Of South East Asian Nations And The South Asian Association Of Regional Cooperation, Kankesu Jayanthakumaran, Shao-Wei Lee
Faculty of Business - Papers (Archive)
This paper investigates the per capita income convergence patterns of a set of Association of South East Asian Nations (ASEAN) and South Asian Association of Regional Cooperation (SAARC) countries. We obtained a time-series analysis for stochastic convergence by applying unit-root tests in the presence of two endogenously-determined structural breaks. We then supplemented the results by tests that produced evidence for b convergence. The evidence shows that the relative per capita income series of ASEAN-5 countries were consistent with stochastic convergence and b convergence, but this was not found for SAARC-5 countries. For the ASEAN-5 countries, the structural breaks associated with …
Living Arrangements And Income Poverty, Joan R. Rodgers
Living Arrangements And Income Poverty, Joan R. Rodgers
Faculty of Business - Papers (Archive)
Australians' living arrangements have changed over the last several decades. Greater proportions of households contain only one person, a couple or a single-parent family. Such demographic trends have implications for poverty, which is identified at the household level. This paper explores the relationship between the depth of poverty and household type using longitudinal, unit-record data. Lone persons and single parents are the poorest. Poverty increases significantly at the beginning of a spell of living alone regardless of previous living arrangements but especially for people leaving the household of their parent(s). Except for the elderly, poverty decreases significantly at the end …
The Relationship Between Accounting Profit And Economic Income, John Ryan
The Relationship Between Accounting Profit And Economic Income, John Ryan
Faculty of Business - Papers (Archive)
The reliance on economic concepts, most notably economic income, for the measurement of profit in financial accounting is misplaced. This paper explores the concept of economic income, contrasting it with the concept of profit in the conventional accounting model. The concept of individual economic income cannot be used for measurement of profit for a past period as the concept is based on the capitalisation of expectations and excludes "separate but correlated" concepts of profit and capital needed for capital maintenance.
Personal Income Tax Reform In Australia: A Specific Proposal, Binh Tran-Nam, Linh Vu, Brian Andrew
Personal Income Tax Reform In Australia: A Specific Proposal, Binh Tran-Nam, Linh Vu, Brian Andrew
Faculty of Business - Papers (Archive)
This paper examines the possibility that foreign aid financing for public capital accumulation in developing countries may lead to excess depreciation of capital. The depreciation rate on public capital is endogenised in a general equilibrium framework in which the government collects a consumption tax to finance maintenance and repair expenditures as well as public investment. Tow simple cases are formulated and analysed to show that excess depreciation of public capital may result from budgetary and international aid and financing distortions that skew allocations to new investment rather than to maintenance of existing capital.
Should The International Income Of An Australian Resident Be Taxed On A Worldwide Or Territorial Basis?, John Mclaren
Should The International Income Of An Australian Resident Be Taxed On A Worldwide Or Territorial Basis?, John Mclaren
Faculty of Business - Papers (Archive)
Many countries impose income tax on the worldwide income of their residents or citizens. This is the case in Australia where 'Australian residents for tax purposes' must pay income tax on their worldwide income including statutory income such as capital gains and dividends. If the government of a country adopts a 'worldwide' basis for imposing income tax on its residents then the existence of tax havens and offshore financial centres becomes an important issue because income from passive investments may not be disclosed and subsequently taxed in Australia. The Australian Government has recently funded 'Operation Wickenby', in an attempt to …