Tax expenditures
According to a recent
Parliamentary Library Research Paper, a tax expenditure "
is a provision of Australian tax law that provides preferential treatment to certain classes of taxpayers or to particular types of activity. Examples are superannuation tax concessions and excise exemption for alternative fuels." Find out where the $30 billion spent on them go at
http://www.aph.gov.au/library/pubs/rp/2002-03/03RP08.pdf.
Posted by belinda at June 2, 2003 12:14 PM