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.
If you're interested in knowing more about what they covered, please contact us at contact@perrierryan.com.au and put "Let's talk presentation" in the subject line; or call the office on (07) 3391 7566 and ask for Nicole Power, Olivia Ryan or Margaret Paskin,
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