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Press Release No. 1 2011 - 2010 Tax Expenditures Statement


Friday, 28 January 2011

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The Treasury today released the 2010 Tax Expenditures Statement. The statement provides details of concessions, benefits and incentives delivered to taxpayers through the tax system. These are referred to as 'tax expenditures'.

The 2010 Tax Expenditures Statement lists around 350 tax expenditures and, where possible, provides an estimate of the pecuniary value or order of magnitude of the benefit to taxpayers over an eight year period, from 2006-07 to 2013-14.

Tax expenditures measure the benefit to taxpayers of tax concessions rather than the revenue that would be gained from abolishing tax expenditures. Estimates of the revenue gain from removing tax concessions will generally be smaller in magnitude than tax expenditure estimates because they would take account of fewer people undertaking an activity if the tax concession was removed.

Total measured tax expenditures as a proportion of GDP fell from 10.6 per cent in 2007-08 to 8.7 per cent in 2008-09 and were 8.8 per cent in 2009-10. Growth in tax expenditures over the last two years has been somewhat softer that in preceding years due largely to the impact of the global financial crisis on superannuation returns.

In dollar terms, total measured tax expenditures are estimated at around $113 billion in 2009-10. 

The 2010 Tax Expenditures Statement is available on the internet at http://www.treasury.gov.au. Alternatively, copies of the Statement can be purchased through CanPrint Infoservices: Toll Free 1300 889 873, or email sales@infoservices.com.au.

28 January 2011

Contact: Colin Brown
Telephone: (02) 6263 4455

Documents Available:

Acrobat (PDF) documents

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Press Release No. 1 2011 - 2010 Tax Expenditures Statement  16.98kb

Related Items:

Tax Expenditures Statement 2010 - 28/01/2011

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