Treasurer Jim Chalmers promised a Tax Expenditures Statement by the end of February – and he delivered this week, just in time, on Tuesday February 28.
The statement contains many headline-grabbing figures about the cost of various tax breaks, including claims made against income from rental properties (A$24.4 billion), the concessional or zero tax on employer superannuation contributions ($23.3 billion), concessional or zero tax on super earnings ($21.5 billion), and the tax-free treatment of the family home ($22 billion).
