The Board of Taxation is a non-statutory advisory body charged with contributing a business and broader community perspective to improving the design of taxation laws and their operation.
Ideas for better tax regulation
Repeal s82A ITAA36 - there is no apparent policy basis for it
There is no apparent policy basis for the $250 reduction in the claim for the self-education expenses. Section 82A ITAA36 creates a set of comparatively complex rules and definitions that impact on the deductibility of self-education expenses. The view is that these rules achieve nothing apart from added complexity. The aim it intends to achieve is not clear and nowadays the $250 is not going to go far in terms covering any meaningful expenses - it barely covers the cost of an average textbook. Moreover, the cost of capital items counts towards the $250 limit, even though the capital costs are not deductible. As a history note: s82A ITAA36 was introduced at the same time that $250 of expenses of self-education began to qualify as a concessional rebatable amount under s159U ITAA36. The rebate was repealed from 1985 but s82A was left for no apparent reason.
Personal Income Tax Return processing - time saver
Recommend Private Health Insurance rebate percentages be adjusted, if necessary, as at 30 June each year rather than current onerous 31 March, to reduce the unnecessary volume of extra information processed in almost every personal income tax return! Recommend the Department of Health (or those responsible for the related legislation) be reminded of our financial year end date , being 30 June, so they can align their decision-making effective date to help simplify the entries in millions of Australian personal income tax returns every year! Thank you.
Unpaid SGL I have found attempting to assist a 22 year client be paid their SGL entitlement for two years work that often involved 50 hour weeks , 6 days a week has been futile. I have a chain of emails of 4 pages long to and from various ATO divisions, the appropriate Ombudsman and our local politician. Despite providing names of the directors and the company name, phone numbers of current business and the directors parents private addresses to the above named authorities over a 3 year period I have reluctantly given up. The excuse was there was no ABN or ACN provided which was the result of the employer never issuing a payment summary nor pay slips. The system has basically told me it does not care and employers area able to disregard their obligations. Our society and honest employees deserve better. I am prepared to share the chain of emails if this may assist an overhaul of the system
Latest from the Board
- Board of Taxation Study: Differences in core definitions and concepts between state, territory and federal tax laws
- Message from the Chair, August 2017
- Tax Transparency Code Register signatories
- Read the Board’s Tax Transparency Code
- Read the Board’s final report on the implementation of hybrid mismatch rules
Meetings & events
- 7 Dec 2017 - Melbourne
- 19 Oct 2017 - Perth
- 14 Sep 2017 - Sydney