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A Case for Re-evaluation of Income Averaging for Primary Producers

Author

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  • Douglas, Robert A.
  • Davenport, Scott V.

Abstract

Income averaging for primary producers is a long-standing tax policy in Australia. Major changes were made to the scheme in 1983 to overcome anomalies associated with the previous scheme. However the amended scheme has not been subject to review. In this review, the scheme is found to perform poorly against the traditional evaluation criteria of equity, efficiency and simplicity. The general conclusion is that to avoid cross-subsidisation and investment distortions which are often inherent features of any general scheme, it is appropriate to consider the adequacy of self-averaging mechanisms.

Suggested Citation

  • Douglas, Robert A. & Davenport, Scott V., 1995. "A Case for Re-evaluation of Income Averaging for Primary Producers," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(01), pages 1-10, April.
    • Handle: RePEc:ags:remaae:12464
    DOI: 10.22004/ag.econ.12464
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    File URL: https://ageconsearch.umn.edu/record/12464/files/63010087.pdf
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    References listed on IDEAS

    as
    1. Chisholm, Anthony H., 1971. "A Comparison Of Income Averaging Procedures For Income Tax Purposes," Australian Journal of Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 1-15, April.
    2. Anthony H. Chisholm, 1971. "A Comparison Of Income Averaging Procedures For Income Tax Purposes," Australian Journal of Agricultural and Resource Economics, Australian Agricultural and Resource Economics Society, vol. 15(1), pages 36-50, April.
    3. Moon, Lynelle & Peterson, Deborah C. & Kokic, Philip & Douglas, Robert A., 1995. "Period Equity and Tax Averaging Schemes," Review of Marketing and Agricultural Economics, Australian Agricultural and Resource Economics Society, vol. 63(01), pages 1-13, April.
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    Cited by:

    1. Ha, Arthur & Stoneham, Gary & Harris, Jane & Fisher, Bill & Strappazzon, Loris, 2005. "Incentives, Information & Drought Policy," 2005 Conference (49th), February 9-11, 2005, Coff's Harbour, Australia 137924, Australian Agricultural and Resource Economics Society.

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    Public Economics;

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