Become a Member
Membership
Education
Events
Resources
Tax Knowledge Exchange
About us
Contact us
  Miscellaneous 2007

Tax refund versus tax return?

Source: Australian Tax Forum Journal Article

Published Date: 1 Apr 2007

 
In Australia taxpayers are required under the Federal Income Tax to lodge an annual return. In recent years electronic lodgement as an alternative to paper has become available for those who wish to use it. Personal taxpayers can claim deductions for legitimate expenses linked to earning their income. Their main source of deductions is work related expenses. This paper investigates whether taxpayers would prefer to forego the time and hassle involved in lodging an annual return by giving up their entitlement to claim these deductions. For many taxpayers the ability to claim deductions often ensures they receive a refund of overpaid tax. Qualitative research conducted by diverse stakeholders over many years has revealed that for Australians, the ability to claim deductions is seen as giving them control over their own tax affairs, and they accept that the receipt of their refund is a return of their own money.
Author(s)

Sorry, this is subscriber only content.

To gain access to this material and much more - Subscribe Now.

(Note: Members can access Taxation in Australia journal articles without a Tax Knowledge Exchange subscription - please log in to access).

Already a Subscriber? Login now

Subscribe Now

Already a Subscriber? Login now

Download

Details

The material is copyright. Apart any fair dealing for the purpose of private study, research criticism or review, as permitted under the copyright Act, no part may be reproduced by any process without written permission from The Tax Institute.

Unless expressly stated, opinions are not that of The Tax Institute, which accepts no responsibility for the accuracy of any of the information contained within it.

The Tax Institute
(ABN 45 008 392 372 (PRV14016))

("TTI")

The Tax Institute is a Recognised Tax Agent Association (RTAA) under the Tax Agent Services Regulations 2009. 

Copyright Statement

All materials provided on this site are protected by copyright and are owned by or licensed to TTI.

Except as expressly permitted by TTI or the copyright owner, any person or company who uses this site must not use, reproduce, redistribute, retransmit, publish or otherwise transfer, or commercially exploit, the materials or any information, software or other content, in whole or in part, which is available through this site.

Tags

Miscellaneous 2007

Share this page