Burdensome, complex and inefficient: Tax offsets rile experts

Peter Costello has joined growing criticism of complex and inefficient low and middle-income tax offsets in the federal budget, despite acknowledging the benefit to hard-pressed taxpayers.

A week after riling the Coalition with criticism of the Turnbull government’s debt strategy, Mr Costello told a Centre for Independent Studies event on Monday the newly created offset for low and middle-income earners could provide a disincentive to work and was too complex for most people to understand.

Read the full article at the Australian Financial Review.

Leave a Reply

Your email address will not be published. Required fields are marked *

Bitnami