The Commonwealth Treasury


Tax Expenditures Statement

Close Window

Tax Expenditures
Statement

2002

 

© Commonwealth of Australia 2003

ISBN 0 642 74178 6

This work is copyright. Apart from any use as permitted under the Copyright Act 1968, no part may be reproduced by any process without prior written permission from the Commonwealth available from the Department of Communications, Information Technology and the Arts. Requests and inquiries concerning reproduction and rights should be addressed to:

The Commonwealth Copyright Administration
Intellectual Property Branch
Department of Communications, Information Technology and the Arts
GPO Box 2154
CANBERRA ACT 2601

Or posted at:

http://www.dcita.gov.au/cca

A copy of this document and other Treasury information appears on the Treasury Website. The Treasury Website address is: http://www.treasury.gov.au.

Printed by Canprint Communications Pty Ltd


     
 

Contents

Chapter 1: Introduction

Chapter 2: Overview of tax expenditure aggregates

Chapter 3: Methodology

Chapter 4: Changes from 2001 TES

Chapter 5: Tax expenditure estimates

Appendix A: Description of tax expenditures

Appendix B: Superannuation benefits

Index

List of tables

Table 2.1: Total measured tax expenditures
Table 2.2: Aggregate tax expenditures by function
Table 2.3: Aggregate tax expenditures and direct expenditures by function in 2001-02
Table 2.4: Aggregate tax expenditures by taxpayer affected
Table 5.1 Tax expenditure reference table
Table B1: Estimated tax expenditures through superannuation tax concessions, 1998-99 to 2005-06


     
 

Acronyms

ABARE

Australian Bureau of Agricultural and Resource Economics

ADF

Australian Defence Force or Approved Deposit Fund

ADI

Authorised deposit-taking institution

CDEP

Community Development Employment Project

CFC

Controlled foreign companies

CGT

Capital gains tax

CRAFT

Commonwealth Rebate for Apprentice Full-time Training

DEP

Dairy Exit Program

DGR

Deductible gift recipient

DTA

Double taxation agreement

DWT

Dividend withholding tax

ETM

Economic transaction method

ETP

Eligible termination payment

FBT

Fringe benefits tax

FIF

Foreign investment fund

FBTAA86

Fringe Benefits Tax Assessment Act 1986

FTB

Family Tax Benefit

FTCS

Foreign tax credit system

GDP

Gross domestic product

GST

Goods and services tax

IED

Income equalisation deposits

ITAA36

Income Tax Assessment Act 1936

ITAA97

Income Tax Assessment Act 1997

IT(TP)A97

Income Tax (Transitional Provisions) Act 1997

ITLAA00

Indirect Tax Legislation Amendment Act 2000

IWT

Interest withholding tax

LICs

Listed investment companies

LPG

Liquefied petroleum gas

MYEFO

Mid-Year Economic and Fiscal Outlook

na

Not available

nec

not elsewhere classified

OECD

Organisation for Economic Co-operation and Development

PBI

Public benevolent institution

PDF

Pooled Development Fund

PNG

Papua New Guinea

RBL

Reasonable Benefit Limit

RHQ

Regional headquarters

R&D

Research and development

SATO

Senior Australians' Tax Offset

SHS

Schanz-Haig-Simons

STS

Simplified Tax System

TES

Tax Expenditures Statement

TLM

Tax liability method

UCA

Uniform Capital Allowance

ULSD

Ultra low sulphur diesel

UPP

Undeducted purchase price

WET

Wine equalisation tax

Y2K

Year 2000 (compliance)