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Tax Expenditures Statement 1997-1998

Date:

Thursday, 1 April 1999

Content ID:

171

Abstract:

This Tax Expenditures Statement (TES) provides details on the financial benefits that individuals and businesses derive from taxation concessions of various kinds. These concessions are usually delivered by tax exemptions, tax deductions, tax rebates or reduced tax rates. They lower the tax burden by either reducing or delaying the collection of taxation revenue.

The benefits provided by the tax concessions could equally be delivered in the form of direct expenditures, ie outlays. The Government can use taxation concessions to allocate resources to different activities in much the same way that it can use direct expenditure programmes. For this reason, and noting their direct impact on the underlying budget deficit, these concessions are generally called ‘tax expenditures’.

To allow for a more transparent and complete assessment of public funding, information is presented in this statement about the magnitude of public assistance that is provided via concessional taxation treatment, and the sectors to which the assistance is provided. These figures provide information on the cost of tax expenditures and hence on the level of tax assistance provided to various groups. Details are also provided on the trends in tax expenditures, a comparison with direct outlays assistance, and the level of tax expenditure by taxpayer affected. Additional detail on methodological issues, including a detailed discussion of the retirement income tax and other employment termination tax concessions is presented in the Appendices.

Documents Available:


Acrobat (PDF) documents

 Acrobat (PDF)

Introduction, Trends in Tax Expenditures, Comparison with Direct Outlays and Tax Expenditure Tables  61.29kb
Tax Expenditures by Tax Payer Affected and Appendices  65.44kb
Table 3  113.51kb
Table 4  11.74kb
Table B1  7.71kb

Microsoft Word (RTF) documents

 Microsoft Word (RTF)

Introduction, Trends in Tax Expenditures, Comparison with Direct Outlays and Tax Expenditure Tables  144.03kb
Tax Expenditures by Tax Payer Affected and Appendices  128.82kb
Table 3  1,202.34kb
Table 4  41.83kb
Table B1  35.72kb

Winzip (ZIP) documents

 Winzip (ZIP)

Introduction, Trends in Tax Expenditures, Comparison with Direct Outlays and Tax Expenditure Tables   45.18kb
Introduction, Trends in Tax Expenditures, Comparison with Direct Outlays and Tax Expenditure Tables  25.67kb
Tax Expenditures by Tax Payer Affected and Appendices PDF  46.62kb
Tax Expenditures by Tax Payer Affected and Appendices RTF  24.25kb
Table 3 PDF  97.29kb
Table 3 RTF  165.93kb
Table 4 PDF  7.51kb
Table 4 RTF  7.67kb
Table B1  6.59kb
Table B1  4.83kb
Tax Expenditures Statement 1997-1998 (full) PDF  201.34kb
Tax Expenditures Statement 1997-1998 (full) RTF  230.02kb

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