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In June 2018 the Coalition passed a three stage tax cut plan, with the final phase coming into play in July 2024. Someone earning $200,000 would pay $11,640 less tax in 2025 than in 2018/
A Senate inquiry has heard calls for the inclusion of more data on the aged care sector's migrant workforce as part of a proposed bill on improved financial transparency from aged care providers.
Anthony Albanese must ‘come clean’ on tax agenda13/05/2021|4min
Finance Minister Simon Birmingham says Anthony Albanese is the “cloud that hangs over lower taxes” and must decide whether he is on Bill Shorten’s “ticket of higher taxes” or with the prime minister’s plan.
The Morrison government’s budget featured an extension of the Low and Middle Income Tax Offset which would see those earning between $45,000 and $126,000 receiving $1,080 come tax time.
Opposition Leader Anthony Albanese has yet to announce Labor’s tax policies despite his comments at the AFR summit in March where he said the party would wait until the budget to announce its agenda.
There was one big assumption included in this week’s federal budget - that all Australians would have access to a COVID-19 vaccine by the end of the year. But the data tells a different story.