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In the media: The SheEO for Knowledge@ASB on why tax deductible childcare is long over due

This article by Amanda Woodard in Knowledge@Australian School of Business outlines a number of reasons why it’s high time we made childcare tax deductible in Australia.  My opinions were sought, along with leading Australian businesswomen including:

Here’s a sneak preview at what I had to say:

* * * * *


“Ask any senior professional how they manage work and family and they
always have a common denominator: in-home care. They’ll also tell you
that this represents the single biggest cost relative to their income,”
says Dalitz. While some employers have gone down the route of
employer-sponsored childcare, Dalitz says it’s not what most women want.
“They want choice when it comes to the care of their children, and most
want in-home care. But it costs in the vicinity of A$80,000 to get a
quality professional carer to work in-home, so not everyone can afford
it, especially if you’re still in the leadership pipeline. Most women
with young children can’t earn assessable income without incurring
childcare costs, so why shouldn’t this be an allowable deduction against
their taxable income?” asks Dalitz.

* * * * *

And you can read the full article here.  Thanks Amanda for bringing this debate to the fore – and if you haven’t yet signed the petition for better childcare options in Australia, please do so at www.makecarefair.com

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