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Aussie income tax to soar on bracket creep

Aussie income tax to soar on bracket creep
macrobusiness.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from macrobusiness.com.au Daily Mail and Mail on Sunday newspapers.

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Our Plan for Greater Western Sydney

Key points To build a stronger future for Greater Western Sydney, our Plan will deliver a strong and growing economy. In its own right, Greater Western Sydney is our fourth largest city and third largest economy. The Coalition is focused strongly on the region as we create 1.3 million more jobs across Australia over the next five years.

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Our Plan for Supporting Australians with the Cost of Living

Key points On almost every economic measure – including economic growth, jobs growth and debt levels – Australia’s recovery is leading the world. More Australians are in work than ever before and the unemployment rate has fallen to just 4 per cent, the lowest in 48 years. According to the Reserve Bank, wages growth is also picking up. We know the ability to get a job, and keep

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Our Plan for the Central Coast

Key pointsTo build a stronger future for the Central Coast, our Plan will deliver a strong and growing economy. The Coalition will create 1.3 million more jobs across Australia over the next five years. Our Plan for the Central Coast is a key part of this national effort. The Central Coast has one of the most enviable lifestyles in the country and is an increasingly important

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Our Plan for South Australia

Key points To build a stronger future for South Australia, our Plan will deliver a strong and growing economy. The Coalition will create 1.3 million more jobs across Australia over the next five years, including 450,000 in regional Australia.

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Our Plan for Western Australia

Key points To build a stronger future for Western Australia, our Plan will deliver a strong and growing economy. This means more jobs, tax relief for workers and small businesses, investment in transport and water infrastructure, and support for industries that will be critical to WA’s future. Industries like resources, defence, renewable energy, manufacturing and agriculture.

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Virtual Address, AFR Business Summit | Prime Minister of Australia

Virtual Address, AFR Business Summit | Prime Minister of Australia
pm.gov.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from pm.gov.au Daily Mail and Mail on Sunday newspapers.

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Low and Middle Income Tax Offset to Be Removed in June, Potentially Impacting Millions

Low and Middle Income Tax Offset to Be Removed in June, Potentially Impacting Millions
An estimated 3.4 million Australians with a taxable income between $48,000 and $90,000 will be affected as the low and middle-income tax offset (LMITO), worth $1080, finishes at the end of this financial year, says the Bankwest Curtin Economics Centre.
Originally part of stage 1 of the Coalition government’s Personal Income Tax Plan, the LMITO was introduced in the 2018-19 Federal Budget to reduce tax burdens for Australians with low and middle taxable income.
At the time of its introduction, the government estimated that the scheme would help around 4.5 million Australian taxpayers who are eligible for the full LMITO of $1,080 and 5.6 million eligible for a partial LMITO.

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Rebuilding and reforming in a year like no other

Date Time
Rebuilding and reforming in a year like no other
The Morrison Government has this year passed major pieces of legislation to cushion the blow of the COVID-19 pandemic, keeping Australians in jobs, businesses in business and sparking a faster-than-anticipated economic recovery.
Despite 2020’s challenges, the Government has also successfully delivered on its promises to cut red tape and improve Australia’s economic competitiveness, with reforms to the tax system, insolvency, financial services and foreign investment.
In total, the Government passed more than 40 pieces of legislation in 2020 from the Treasury Portfolio, including:
JobKeeper
A key feature of the Government’s Economic Recovery Plan is the temporary JobKeeper Payment which has been an economic lifeline to millions of Australians, helping to keep businesses in business and Australians in jobs.

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