Economics Committee to hold Tax Deductibility Roundtable

The House of Representatives Standing Committee on Economics will host a roundtable public hearing for its inquiry into Tax Deductibility in Canberra on Friday.

Date                Friday, 5 February 2016

Time                9.15am to 3.00pm

Venue             Committee Room 1R1, Parliament House, Canberra

Webcast         The hearing will be webcast (audio only) live

Among the issues to be discussed at the roundtable are ways to broaden the base of personal and company income taxes in order to fund reductions in marginal rates, including:

• the deductibility of expenditure of individuals in earning assessable income, and
• the deductibility of interest incurred by businesses in deriving their business income.

The roundtable will include a range of government and industry stakeholders, including:

• Australian Bankers’ Association
• Australian Council of Social Service
• Australian Chamber of Commerce and Industry
• Australian Financial Markets Association
• Australia Petroleum Production and Exploration Association
• Australian Private Equity and Venture Capital Association
• Australian Taxation Office
• ADJ Consultancy Services
• CPA Australia
• Chartered Accountants ANZ
• Commercial Asset Finance Brokers Association of Australia Ernst and Young
• Housing Industry Association
• Institute of Public Accountants
• KPMG
• Law Council of Australia
• Minerals Council of Australia
• Mr Richard Highfield (Private Capacity)
• Parliamentary Budget Office
• Property Council of Australia
• Research Australia
• Tax Justice Network
• The Treasury

A program and details about the inquiry, including copies of submissions, are available.

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