38 TAXING THE TAXED ­ DUPLICATION OF TAXATION IN PROPERTY INSURANCE AND ITS SOCIETAL IMPLICATIONS

Rachel Carter
2011 Journal of the Australasian Tax Teachers Association   unpublished
This paper examines the recommendation by the Henry Report that the methodology for taxing insurance policies be modified. The imposition of a Fire Services Levy, stamp duty and Goods and Services Tax (GST) duplicates the amount of tax paid on insurance policies. The paper will explore the fiscal strength of these taxation implications in ensuring stability and predictability. The paper will thus focus upon the way that taxation implicates social preparedness for risk minimisation and a
more » ... ation and a reduction in reliance upon the government particularly after catastrophic events. Ultimately the paper seeks to align the taxation pedagogy with the societal implications tax has on the insurance market. The paper will do this through the lens of enabling greater access to insurance and promoting community resilience. * Associate Lecturer, La Trobe University, School of Law, Bundoora, Victoria and PhD Candidate (Bushfire CRC).
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