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Aip230 Public Policy Essay

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AIP230 – Public Policy in Australia
Assignment 1 – Policy Briefing
Emma Hentschel
Student ID: 216152064

Department: (Commonwealth of Australia) Department of The Treasury
Minister: The Hon Scott Morrison MP

Title
Taxation Policy should be adjusted to ensure optimum tax revenue is maintained despite the growing market share of Peer-to-Peer companies within the Australian Economy.
Summary
As the capacity and reach of international and digital peer-to-peer companies are expanding everyday, so too are the traditional services they are replacing and/or creating an alternate too; diminishing. The emergence of the new Peer-to-peer Companies have been received as a positive for community welfare; providing faster, more affordable and comprehensive …show more content…

There is major implications for Australian businesses who currently do pay operate tax and GST as they are the ones having to compete with the new Peer-to-peer empire. The effect on the Taxi industry alone shows the huge impact peer-to-peer companies like Uber can have upon the value of an existing industry.
There is a perceived “unfairness” for Australian businesses against these new international players. As one of the treasury departments key policy values is to promote Australian businesses, something but be done to give the Australian businesses an even playing field.

Policy Context

Important to note the current policy suggestions for companies engaging in BEPS by OECD (The international Organisation for Economic Co-opperation and Development) as the OECD has funded extensive research into possible policy solutions for individual and multilateral
Keep note of the overall outcome for Australian Tax policy for the Commonwealth Treasury is “To influence Strong sustainable economic growth for the good of the Australian People.”
Additionally the 4 key Pillars of Australian Economic Diplomacy
Promoting Trade
Encouraging Growth
Attracting

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