Coalition’s tax-free lunch plan could cost $250 million or $10 billion – depending on who’s doing the sums
- Written by Dale Boccabella, Associate Professor of Taxation Law, UNSW Sydney
Rawpixel.com/ShutterstockThe 1980s are remembered for many things including power suits, the Ford Falcon and the long lunch.
The last was thanks to a generous interpretation of tax law as it applied to food and entertainment at “business meetings”. Bosses could deduct the cost of lunch with colleagues and contacts for tax purposes.
The Ha...
