The great tax swindle: how concessions and exemptions benefit the wealthiest
A report by Anglicare has found that eight of the largest tax concessions and exemptions cost just over $135bn a year in revenue foregone, and all disproportionately benefit high income and high wealth households.
Anglicare’s report, The Cost of Privilege, uses research undertaken by Per Capita to highlight that some $68.5bn worth of taxation concessions and exemption goes to the wealthiest 20% of Australian households – more than the $68.1bn annual cost of the disability support pension (DSP) and assistance to families and children.
Read the full article on The Guardian.
