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Tuesday, 13 November 1973
Page: 3279

Mr Lynch asked the Treasurer, upon notice:

What would be the estimated reduction in revenue consequent upon the abolition of provisional tax calculated for the 1973-74 financial year.

Mr Crean - The answer to the honourable member's question is as follows:

The estimated reduction in income tax revenue in the 1973-74 financial year that would result if provisional tax were not imposed is approximately $765m.

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