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Showing 11 - 20 of 260 results for "Tax cuts"

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... a high share of total taxation receipts explains why the Albanese government is loathe to reverse the Stage 3 income tax cuts. And let's not forget that just 20% of taxpayers - being those earning more $180,000 per year - have already been punished ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... of economic gains fuelling the cost-of-living crisis for low-and middle-income Australians." Grudnoff said the Stage 3 tax cuts, "which will see people earning over $180,000 receiving the lion's share of benefits while minimum wage workers get nothing" ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... care services is sustainable," Grattan said. Other items aimed at increasing revenues include redesigning the Stage 3 tax cuts so they are less generous to the highest income earners; raising GST to 15% with compensation for the most vulnerable households ...

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... a roaring '20s boom for the world's richest." Oxfam is calling on the Australian government to scrap the stage three tax cuts, and to instead implement a systemic and wide-ranging increase in taxation of the super-rich. The organisation has calculated ...

Recovery set to slow: OECD

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... increasing the Goods and Services Tax (GST) rate or broaden the base to offset regressive effects through personal income tax cuts, reducing private pension tax breaks and reducing the capital gains tax discount. Treasurer Josh Frydenberg said he has ...

Advice practices set to benefit from tax cuts

KARREN VERGARA  |  WEDNESDAY, 12 MAY 2021
Small business owners, like financial planners, are set to benefit from the 30% tax rate reducing to 25% from 1 July 2021. Federal treasurer Josh Frydenberg also announced last night that temporary full expensing has been extended until 30 June 2023. ...

Chief economist update: Frydenberg spends big

BENJAMIN ONG  |  WEDNESDAY, 12 MAY 2021
... in Japan". The final words of the treasurer: "This Budget secures the recovery and sets Australia up for the future. Tax cuts to put more money in people's pockets. Business incentives to unleash a further wave of investment. New apprenticeships ...

Personal, business tax cuts revealed

ANNABELLE DICKSON  |  TUESDAY, 11 MAY 2021
... create more jobs and support business investment. Low-and middle-income earners will receive an additional $7.8 billion in tax cuts with the retainment of the LMITO for individuals earning between $48,000 and $90,000. The LMITO relief is up to $1080 ...

No big losers in FY22 budget

JAMIE WILLIAMSON  |  TUESDAY, 11 MAY 2021
Just about everyone is a winner in this year's federal budget, with treasurer Josh Frydenberg extending tax cuts, significant measures to enhance women's economic security and a $15 billion infrastructure spend. Delivering the 2021/22 federal ...

What to expect from the budget

ELIZABETH MCARTHUR  |  TUESDAY, 11 MAY 2021
... small businesses, H&R Block director of tax communication Mark Chapman has warned that we are unlikely to see personal tax cuts in the budget. "In fact, if things stay as they are, low and middle income earners face a tax rise because of the abolition ...