Reported at www.unsw.edu.au: The Coalition’s proposal to reintroduce tax deductions for business meals, dubbed the “long lunch plan,” has estimates of its budget impact ranging from $250 million to as high as $10 billion, based on different calculations of usage.
Opposition leader Peter Dutton argues that the policy would benefit small businesses by rewarding employees and increasing hospitality spending, though experts caution it may blur the lines between private and business expenses.
Concerns arise regarding the complexities of implementing the tax deduction and the potential for abuse, emphasizing the need for careful analysis before enactment.