Skip to content

Smoke out the tax cheats

Anyone who understands the number-crunching, head-scratching and strategising that go into crafting a tax package for a national Budget knows that that is the easy part. The hard part is actually ensuring that collection measures up with projections.

And that’s the rub.

The rigidity of the Government’s $612-billion Budget means that significant shifts in variables, or the cunning of nimble-fingered bookkeepers in businesses, could force a recalibration of the bases on which revenues are predicated, leaving the embarrassment of missed targets.

The grave implication is that tax leakage must be staunched – and fast.