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The report makes 26 recommendations that propose significant changes to existing processes for tax design. The government has accepted in principle all the recommendations in the report.
Concessions, benefits, incentives and charges provided through the tax system (known as tax expenditures) to taxpayers by the Australian government are detailed in this report. This statement lists around 320 tax expenditures and, where possible, reports the estimated pecuniary value or order of magnitude of...
In August 2008, the Tax Design Review Panel invited submissions to the review, guided by four broad consultation questions: What major challenges facing Australia need to be addressed through the tax-transfer system? What features should the system have in order to respond to these challenges?...
This statement provides details of concessions, benefits and incentives provided through the tax system (tax expenditures) to taxpayers by the Australian government. The publication of information on the Australian Government’s tax expenditures is a requirement under the Charter of Budget Honesty Act 1998.
On 4 February 2008, the government confirmed its 2007 federal election commitment to establish First Home Saver Accounts to assist Australians aged 18 and over to save for their first home. First Home Saver Accounts will provide a simple, tax effective way for Australians to...