The Commonwealth Treasury


ax Expenditures Statement 2001

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Tax Expenditures
Statement

2001

© Commonwealth of Australia 2001

ISBN 0 642 74085 2

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 Info Products. Requests and inquiries concerning reproduction and rights should be addressed to:

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Printed by CanPrint Communications Pty Ltd.

 

     
 

Contents

Chapter 1 Introduction 1

Chapter 2 Overview of tax expenditure aggregates 5

Chapter 3 Methodology 13

Chapter 4 Changes from 2000 TES 21

Chapter 5 Tax expenditure estimates 25

Appendix A Description of tax expenditures 47

Appendix B Superannuation benefits 101

Index 105

List of tables

Table 2.1: Total measured tax expenditures 5

Table 2.2: Aggregate tax expenditures by function 7

Table 2.3: Aggregate tax expenditures and direct expenditures
by function in 2000-01 9

Table 2.4: Aggregate tax expenditures by taxpayer affected 11

Table 5.1: Tax expenditures reference table 28

Table B1: Estimated tax expenditures through superannuation tax
concessions, 1997-98 to 2004-05 104

 

     
 

Acronyms

ABARE

Australian Bureau of Agricultural and Resource Economics

ADF

Australian Defence Force or Approved Deposit Fund

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

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

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

RHQ

Regional headquarters

PNG

Papua New Guinea

R&D

Research and development

SHS

Schanz-Haig-Simons

STS

Simplified Tax System

TES

Tax Expenditures Statement

TLM

Tax liability method

UPP

Undeducted purchase price

WET

Wine equalisation tax

Y2K

Year 2000 (compliance)