“Bill Shorten has attacked the ability of wealthy people to claim a tax deduction for their accountancy fees.
The Opposition Leader this morning criticised the tax deduction as he dismissed Treasury’s analysis Labor’s policies would lead to $387 billion of tax increases over a decade. Mr Shorten singled out deducting accounting fees as ‘one of the rorts we want to shut down’, [also] arguing [claiming, really, that] Treasury had wrongly calculated the closing down of tax loopholes as tax increases”.
Source: The Australian