$22b cost of tax deductions to be tackled in budget

By Nassim Khadem
Updated April 9 2017 - 3:18pm, first published 3:14pm
TAX MELBOURNE PIC BY ERIN JONASSON. calculator, tax, GST, calculate, do the sums, add and subtract, budget, small business accounting, SPECIALX 00025094***FDCTRANSFER*** Photo: Erin Jonasson
TAX MELBOURNE PIC BY ERIN JONASSON. calculator, tax, GST, calculate, do the sums, add and subtract, budget, small business accounting, SPECIALX 00025094***FDCTRANSFER*** Photo: Erin Jonasson

The Turnbull government wants to take a stab at reducing an estimated $22 billion in tax deductions for work-related expenses each year, and may consider introducing a standard deduction for all taxpayers or doing away with certain deductions in favour of lower tax rates.

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