Contact: David Pring
Deloitte
Partner Growth Solutiuons
(02) 9840 7311

Contact: Jane Kneebone
Deloitte Growth Solutions
Media and Communications
+61 (0) 3 9208 7389

The 2007 Federal Budget has missed the opportunity to abolish tax returns for the majority of individual tax payers says Deloitte Tax Partner David Pring.

“The online pre-filled tax returns miss the opportunity to remove the need for individuals to prepare and lodge their personal income tax returns. In the electronic age where the Australian Tax Office has the income information of all tax payers, the annual tax return could be abolished.

“Many other countries such as the UK, have abolished individual tax returns. Australia should further simplify its processes and give taxpayers the opportunity to not lodge a tax return,” he said.

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