Inflated Effective Marginal Tax Rates Resulting from the CGT: An Empirical Assessment.

Provides an empirical assessment of the inflated effective marginal tax rates (EMTR) which result from the taxation of capital gains in Australia. Mechanism by which the tax treatment of capital gains creates inflated EMTR on other taxable income; Number of taxpayers affected in 1996-1997; Impact on government revenue of an alternative tax treatment of capital gains.