SUBMISSION ON TAX EXPENDITURES STATEMENT

The MCA has provided suggestions to Treasury’s review of the presentation and contents of the Tax Expenditures Statement (TES). The TES plays an important role in budget transparency and Australia’s tax system and the MCA’s submission makes a number of suggestions to improve the TES and encourage an informed and meaningful public debate of the broader tax system. The MCA recommends that the TES more detailed descriptions of tax expenditures be provided including the policy rationale of large tax expenditures, their beneficiaries and a brief analysis of second round impacts.

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