Politics

Treasury claims Liberals’ ‘long lunch’ tax break will cost billions

Labor claims Peter Dutton’s long lunch tax deduction could cost between $1.6 billion and $10 billion a year. The PBO says otherwise.

Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Jim Chalmers has used the Treasury to dispute costings by the independent Parliamentary Budget Office and claim the opposition’s promise of a small business tax deduction for lunches would cost between $1.6 billion and $10 billion a year.

This is sharply at odds with the PBO which has estimated the Coalition’s policy would cost taxpayers less than $250 million in foregone revenue over two years. Copy link Copied Copy link Copied Subscribe to gift this article Gift 5 articles to anyone you choose each month when you subscribe. Already a subscriber? Login Introducing your Newsfeed Follow the topics, people and companies that matter to you.

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