The Australian Treasury has released the 2018 Tax Benchmarks and Variations Statement (previously, the Tax Expenditures Statement) which supplements other Government publications by providing annual information on Australian Government tax benchmark variations.

While revenue estimates published in budget papers and the taxation statistics made available by the Australian Taxation Office focus on incomes that are subject to tax and the revenue the Government collects, the Statement complements this information by primarily focusing on revenue the Government does not collect. It lists provisions in the tax system that apply an alternative treatment of particular taxpayers or forms of economic activity and, where possible, estimates the difference in revenue as a result.

The 2018 Statement includes sections on owner-occupied housing tax benchmark variations; tax benchmark variations (including revenue forgone); revenue gain estimates of tax benchmark variations; and technical notes.

(Source: Australian Treasury)

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