Government scraps education cap

摘要

The federal government has decided to scrap the $2000 cap on work-related tax deductions for self-education purposes. Federal treasurer Joe Hockey announced on 6 November that it was one of seven tax policies that will be dumped by the government. Hockey said: "Of the 174,000 taxpayers affected by the cap on self-education, 81 % earn less than $80,000 a year." Engineers Australia has applauded the move, with chief executive Stephen Dur-kin saying that the government has clearly listened to the voice of the community. "The $2000 tax cap proposal was poor policy that would have devastated professional education in this country and undermined our ability to build a smart and competitive workforce," he said.