How to camouflage $150 billion in government spending? Call it 'tax expenditure'
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra
This financial year the Australian government plans to spend at least A$150 billion on so-called tax expenditures – tax concessions or exemptions applying to particular activities or classes of taxpayer.
And that’s just on the top ten tax categories, covering homes, superannuation, trusts, depreciation, food, education and...