The Australian workrelated expenses regime: fit for purpose or ripe for reform?
Source: Australian Tax Forum Journal Article
Published Date: 1 Oct 2022
This article considers policy options for the revision or reform of the work-related expense (WRE) regime for individual taxpayers in Australia. At present, due to the significant overclaiming and potential underclaiming of WREs that is occurring, the regime does not appear to be achieving an equitable outcome for individuals. Instead, individuals receive a random benefit depending on the difference between their legitimate entitlement under the legislation and their actual WRE claim. While the incorrect amounts claimed by individual taxpayers are relatively small, as a whole, the WRE regime has a large impact on the individuals (not-inbusiness) income tax gap.
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Details
- Published By: Jes Detterer, Tania Sourdin, Chris Evans
- Published On:1 Oct 2022
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