Did Australia miss a significant reform opportunity in tax expenditure management in the 1970s?
The article written by Professor Kerrie Sadiq and Dr Ashesha Weerasinghe, titled “The Asprey Review and Tax Expenditures: A Missed Opportunity for Reform?” explores why tax expenditure management may have been overlooked following the Asprey Review in 1975. Our analysis indicates that the Asprey Review may have overlooked Surrey’s vision and failed to treat tax expenditures as equivalent to direct spending programs, thereby representing a missed opportunity for reform.
The article is now published in the Journal of Australian Taxation Special Edition – Vol 27(2).
See the article PDF here – Sadiq and Weerasinghe – JAT 2025 Volume 27(2) – Asprey Special Issue