Revenue foregone
Perrier Ryan • May 4, 2023
Tax Expenditures and Insights Statement issued February 2023
In February 2023, the Commonwealth of Australia (Treasury) issued its latest Tax Expenditures and Insights Statement (TEIS).
Treasury tells us that "transparent reporting of tax expenditures and other aspects of the tax system provides a more complete picture of the impact of government policies on individuals, households and business, and any revenue foregone".
In the table below we have highlighted the revenue forgone as a result of CGT concessions, but you might find it interesting to review some of the other items.
If you’re interested in the full report you can access it via
treasury.gov.au.
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