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Press Release No. 1 2001 - Tax Expenditures Statement 2000

Date:

Thursday, 25 January 2001

Content ID:

54

Abstract:

The Treasury today released the 2000 Tax Expenditures Statement.

The Statement provides estimates of the financial benefits derived by the recipients of many tax concessions, which are usually delivered by tax exemptions, tax deductions, tax rebates and reduced tax rates. They lower the tax burden by either reducing the amount of, or delaying the collection of, taxation revenue.

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Tax Expenditures Statement 2000 - 28/01/2001
The Tax Expenditures Statement (TES) provides a detailed list of tax expenditures provided by the Commonwealth to individuals and businesses. This is the first TES to be prepared on an accrual basis. This Statement identifies around 240 tax expenditures and, for many of these, reports estimates …

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