Making the Australian Tax Expenditures Statement an Effective Policy Instrument: From Fiscal Record to Transparent Report

Journal of Australian Taxation, Vol. 8, No. 1, 2005

69 Pages Posted: 14 May 2009

See all articles by Mark Burton

Mark Burton

University of Melbourne - Law School; University of Canberra - Law School

Date Written: May 14, 2005

Abstract

Tax expenditures reporting has attracted a good deal of attention following upon the seminal work of Stanley Surrey, who developed the tax expenditures statement (“TES”) as a fiscal management tool. Although Australia has adopted some form of tax expenditures reporting for some time, the nature and efficacy of the Australian tax expenditures statement has attracted little critical attention. This article argues that a TES which meets Surrey’s fiscal management imperative by merely identifying tax expenditures and quantifying their extent, fails to provide the information necessary for a transparent tax expenditure analysis. This article therefore argues that the TES should be reconceived in terms of an annual critical appraisal of the operation of the tax system. Whilst retaining the benefits of tax expenditures reporting as originally conceived by Surrey, this approach to tax expenditures reporting would enhance fiscal transparency in the sense of promoting participatory democracy and, hopefully, promote taxation legislation with stronger and clearly stated policy foundations.

Keywords: Tax Expenditures, transparency, participatory democracy

Suggested Citation

Burton, Mark, Making the Australian Tax Expenditures Statement an Effective Policy Instrument: From Fiscal Record to Transparent Report (May 14, 2005). Journal of Australian Taxation, Vol. 8, No. 1, 2005, Available at SSRN: https://ssrn.com/abstract=1404525

Mark Burton (Contact Author)

University of Melbourne - Law School ( email )

University Square
185 Pelham Street, Carlton
Victoria, Victoria 3010
Australia
+61 3 903 54239 (Phone)

University of Canberra - Law School ( email )

Canberra, Australian Capital Territory 2601
Australia

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
49
Abstract Views
579
PlumX Metrics