Bill Shorten to end tax deduction for accountancy fees

“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

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