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The implementation of social and economic policy through the tax regime: a review of Australia’s tax expenditures program

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Published on 01 Dec 08 by "AUSTRALIAN TAX FORUM" JOURNAL ARTICLE

Each year the Australian Federal Treasury releases its Tax Expenditures Statement providing details of concessions, benefits, and incentives delivered through the tax regime to Australian taxpayers. The current Tax Expenditures Statement, released on 25 January 2008, lists approximately 300 tax expenditures and reports on the estimated pecuniary value in terms of revenue foregone, estimated to be a total of $50.12 billion for the 2006-07 financial year. Apart from the annual Tax Expenditures Statement, and despite the recurring fiscal impact, there is very little other scrutiny of Australia’s Federal tax expenditures program. This is despite tax expenditures often being seen as an alternative to direct expenditures with similar impact on the Federal budget. The object of tax expenditures is to provide government assistance and meet government objectives, and, as such, tax expenditures are departures from the revenue raising aspect of the tax regime. Within this context, this article examines the fundamental concept of tax expenditures as contrasted with direct expenditures and considers the role they play in the current tax regime.

Author profile

Prof Kerrie Sadiq CTA
Professor Kerrie Sadiq holds the position of Professor of Taxation in the School of Accountancy at the QUT Business School, Queensland University of Technology. Kerrie’s primary areas of expertise are international tax, tax expenditures and capital gains tax. She is the co-editor of Australian Tax Review, an internationally recognised leading academic tax journal. She is author of publications in both Australian and International journals and edited books, including the Bulletin for International Taxation, Australian Tax Forum, Journal of International Tax, Canadian Tax Journal and the New Zealand Journal of Taxation Law and Policy. She is the general editor and co-author of leading taxation texts used in universities throughout Australia. Prior to joining Queensland University of Technology, Kerrie spent 20 years at The University of Queensland as a member of both their Law School and Business School. Academic Qualifications: • Doctor of Philosophy, Deakin University (PhD) • Master of Laws, Queensland University of Technology (LLM) • Bachelor of Laws, The University of Queensland (LLB (Hons)) • Bachelor of Commerce, The University of Queensland (BCom) Professional Associations & Designations: • Chartered Accountant (CA), Chartered Accountants Australia and New Zealand • Certified Practice Accountant (CPA), CPA Australia • Chartered Tax Adviser (CTA), Tax Institute (Australia) • Graduate of the Australian Institute of Company Directors (GAICD designation) - Current at 25 August 2020
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