Tax: Contributing to a Sustainable Arts Sector in Australia – Lessons from Overseas

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Title Tax: Contributing to a Sustainable Arts Sector in Australia – Lessons from Overseas
Author Freudenberg, Brett David
Journal Name Media and Arts Law Review
Year Published 2010
Place of publication Australia
Publisher LexisNexis Butterworths
Abstract The arts sector can be plagued by characteristics that make its sustainability difficult. In Australia's recent 2020 Summit, a number of tax reform ideas mooted to assist the arts appeared to be influenced by overseas practice. This article considers a number of foreign practices to ascertain whether they are formative for future reforms in Australia. The mechanisms considered will include exempt income, tax credits, value added tax concessions, transfers of art, deferred gifts and testamentary donations. It will be argued that individual characteristics of jurisdictions will mean that not all reforms are viable in the Australian context. However, it will be suggested that there is scope for improving Australia's tax treatment, particularly for transfers of art and testamentary gifts.
Peer Reviewed Yes
Published Yes
Publisher URI http://catalogue.nla.gov.au/Record/2822575
Copyright Statement Copyright 2010 Lexis Nexis. Self-archiving of the author-manuscript version is not yet supported by this publisher. Please refer to the journal link for access to the definitive, published version or contact the author for more information.
Volume 15
Issue Number 2
Page from 169
Page to 217
ISSN 1325-1570
Date Accessioned 2010-07-06
Language en_AU
Faculty Griffith Business School
Subject Taxation Law
URI http://hdl.handle.net/10072/33230
Publication Type Journal Articles (Refereed Article)
Publication Type Code c1

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