Tax Expenditure Statements for Accountants

This course provides an in-depth exploration of Tax Expenditure Statements (TES) and their significance in the field of accounting. Accountants play a critical role in understanding and analyzing the impact of tax concessions, exemptions, and reforms on government revenue. Participants will gain a comprehensive understanding of TES, including their definition, purpose, data collection process, and their role in assisting policymakers. The course also covers the difference between TES and traditional budget statements, major tax expenditures in Australia, and various concepts such as concessional rates, exemptions, tax credits, deferrals, and more. The course concludes with discussions on tax base erosion, alternatives to tax expenditures, and the balance between tax incentives and revenue levels.