I see that the NSW Government is responding to the crisis of survival being faced by artists and arts and cultural organisations of all kinds from ‘the burden of rising costs, rapidly shifting audience trends and waning philanthropic support’ by focusing on the promise of tax reform. This is after a long period of shocks to the creative sector that have threatened its viability.
Navigating the shifting currents of the NSW, Australian and global environment.
‘There is a strong focus on tax reform for the cultural sector across State governments with engagement from the Australian Government, linked to a broader national focus on tax reform generally.’
A report in the Sydney Morning Herald, which you probably won’t be able to read because of its paywall, noted ‘Australia’s struggling culture sector could be handed much-needed extra funding under plans to use a radical shakeup of the nation’s tax system to alleviate the burden of rising costs, rapidly shifting audience trends and waning philanthropic support.’ Options being considered include ‘exempting prize money from GST, giving wealthy benefactors added incentives to donate, taxing vacant commercial spaces and allowing arts workers to claim new expenses.’
