Miscellaneous 2020

To cap or not to cap? Policy options for dealing with the costs of managing tax affairs deduction in Australia

Source: Australian Tax Forum Journal Article

Published Date: 1 Jun 2020

 

In the lead-up to the 2019 Federal Election the Australian Labor Party proposed, inter alia, to cap the cost of managing tax affairs deduction at $3,000. While there was much commentary in relation to this particular deduction from politicians and even more backlash from practitioners on the proposed capping of this deduction, there remains a dearth of academic research in this area " both in the Australian context and abroad.

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