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Read the article by Shane Wright titled The tax office could send you cash each year. Instead, we've got more accountants than farmers (2024,
Read the article by Shane Wright titled "The tax office could send you cash each year. Instead, we've got more accountants than farmers" (2024, The Sydney Morning Herald. Wright states Imagine a world in which, instead of collecting and photographing receipts of all your purchases, the Australian Tax Office assumed made $1500 in work-related expenses across a financial year and, in the second week of July, emailed you (securely, via the MyGov system) a pre-filled tax return that included the standard deduction." you Required: 1. Do you think it would be a good idea for the government to legislate for a standard deduction for work-related expenses? Why or why not? Refer to and evaluate at least two of the generally accepted criteria to evaluate the design of a tax system in your response. Explain why you think these are generally accepted criteria, referring to appropriate secondary sources in your answer. For example, Australian government reports, academic articles, and books. 2. If the government were to implement a standard deduction for work-related expenses, would the provision of this standard deduction relate to any of the commonly understood functions of taxation? If so, which ones? Refer to appropriate secondary sources in your answer. For example, Australian government reports, academic articles, and books.
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