The Commonwealth Treasury


2002 Tax Expenditures Statement

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PRESS RELEASE

 

2002 Tax Expenditures Statement

The Treasury today released the 2002 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 offsets, reduced tax rates or by deferring a tax liability. They lower the tax burden by either reducing the amount of, or delaying the collection of, taxation revenue.

The main points to note from this year's Statement are:

The 2002 Tax Expenditures Statement is available from Government Information Shops and through the internet at http://www.treasury.gov.au.

22 January 2003

Canberra Contact:   Phil Gallagher
                              (02) 6263 3945