Reining it in: Executive pay in Australia

The final report from the Productivity Commission into executive remuneration does not recommend any far-reaching changes that will address the excessiveness of executive pay in Australia. However, various policy options are available to rein in executive pay, including: removing the tax concession on capital gains; increasing the top marginal rate of income tax; and, establishing an acceptable level of remuneration for executives and excluding amounts above this from qualifying as a legitimate company expense and therefore tax deductible.