Tax Policy Forum: Review of Tax Expenditures, Budget 2016

In the 2016 budget the Department of Finance announced that it intended to review a number of tax expenditures with the objective of identifying and eliminating poorly targeted or inefficient tax measures. In this article, the authors discuss the concept and theory of tax expenditures and then debate the merits of some of the more significant tax expenditures with the objective of identifying those that might be considered poorly targeted or inefficient.