Date
3.3 Benchmarks used in the TES estimates
To provide a clear structure for reporting tax expenditures, the TES benchmarks are divided into three major components reflecting Australia's taxation arrangements.
- The income tax benchmark describes the standard taxation arrangements applying to personal and business income, superannuation, fringe benefits and capital gains.
- The consumption tax benchmark describes the standard taxation arrangements that apply either directly or indirectly to consumption; namely the supply of goods and services to consumers, tobacco, fuel, types of alcoholic beverages, motor vehicles, natural resources, customs duty and other indirect taxes.
- The externalities benchmark covers taxation or other revenue-raising arrangements imposed to recover the external costs of particular activities.