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  • 90k taxpayers tipped to be worse off in ‘outrageous’ $3k tax advice cap

90k taxpayers tipped to be worse off in ‘outrageous’ $3k tax advice cap

Labor’s plan to introduce a limit deductions for the cost of managing tax affairs to $3,000 will likely cause fee pressure and see clients limit their advice to a dollar amount, tax experts have argued.

by | 15 Jan, 2019

Be calm despite 'outrageous' tax rates, says Tax Institute

In May 2017, Labor announced that it would seek to introduce a cap on managing tax affairs if it came into government, in a bid to raise $1.8 billion over a decade.

Read more at the Accountants Daily.

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