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Labor’s Plan to Sack Inspector General of Tax 

Friday, 2 March, 2007 by Peter McGinty, Member Services Manager

Federal Labor today announced a savings plan to cut out $3 billion of Howard Government expenditure.  Included in this plan was an announcment to abolish the office of the Inspector General of Taxation for an estimated saving of $6.6 million over 3 years. 

“In order to save a few sheckels, the federal Labor party is going to abolish one of the most cost effective public offices in Australia,” says Peter McGinty, Member Services Manager of the National Tax & Accountants Association. 

“For a public office that has a modest budget, the Inspector General of Taxation and his dedicated team have produced some incisive and effective reviews into the administration of tax by the Australian Taxation Office,” says Peter McGinty. 

“The reviews conducted by the Inspector General of Taxation do not represent a duplication in taxation administration as claimed by the federal Labor party.  On the contrary, a number of recommendations made by the Inspector General have been adopted by the Commissioner of Taxation and represent improvements to the administration of tax in Australia.” 

“If the federal Labor party understood the work of the Inspector General of Taxation and his achievements, they would be increasing his budget rather than threatening to abolish the office,” said Peter McGinty.