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Press Release No.12 2001 - Tax Expenditures Statement 2001

Date:

Tuesday, 18 December 2001

Content ID:

72

Abstract:

The Tax Expenditures 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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Related Items:

Tax Expenditures Statement 2001 - 18/12/2001
The Tax Expenditures Statement (TES) provides a detailed list of tax expenditures provided by the Commonwealth to individuals and businesses. This Statement identifies around 250 tax expenditures and, for many of these, reports estimates of the financial benefits derived by the recipients over …

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