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Showing 1 - 10 of 266 results for "Tax cuts"

What's keeping the Treasurer up at night?

ANDREW MCKEAN  |  THURSDAY, 13 JUN 2024
... focus of the Budget was to tackle inflation and provide meaningful but responsible cost-of-living relief in the form of tax cuts, energy bill relief, cheaper medicines and help with rent and student debt," he said. Chalmers said if the government could ...

US looks towards rate cuts, Australia lags behind

ELIZA BAVIN  |  THURSDAY, 13 JUN 2024
... both public and private sectors show no significant sign of easing, as unemployment hovers near record lows. The stage 3 tax cuts that are rolling out in a couple of weeks are also the equivalent of two to three rate cuts," he said. "It's worth noting ...

RBA hints another rate rise could be on the cards

ELIZA BAVIN  |  WEDNESDAY, 22 MAY 2024
... risk to the policy outlook, particularly in context of the circuit breakers arriving 1 July 2024 in the form of income tax cuts, energy rebates and other measures." The minutes also pointed to slow productivity growth, inflation expectations and further ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... flow from imminent decisions in the Fair Work Commission - will help tackle gender inequity at retirement," she said. Tax cuts From 1 July 2024, all 13.6 million taxpayers will get a tax cut, which will flow through into their pay packets immediately ...

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
The Stage 3 tax cuts will go ahead as planned after the Albanese government made some amendments due to the cost-of-living crisis. Coming into effect July 1, every taxpayer will benefit from a tax cut. However, those earning over $180,000 will see their ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... Jim Chalmers announced a raft of cost-of-living relief measures in the Federal Budget, including the already announced tax cuts, increasing the Medicare levy low-income thresholds and power bill relief. "This government and this Budget delivers for every ...

Experts weigh in: Will the RBA hike rates again?

ELIZA BAVIN  |  WEDNESDAY, 8 MAY 2024
... "Today's decision aligns with our expectations, with inflation forecasts adjusted upwards, likely considering upcoming tax cuts and budgetary changes. "We do not see this as hawkish. As we have said before, the RBA seeks better balance of risks between ...

Chalmers expected to deliver Budget surplus

ELIZA BAVIN  |  THURSDAY, 21 MAR 2024
... Development of Australia, Chalmers said many of the big Budget announcements have already been made, including the stage three tax cuts and superannuation on paid parental leave. In addition, the government has also planned big spending for aged care ...

Interest rate cut may not come until 2025, experts warn

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... monetary policy settings until September. "The Reserve Bank Board will want to consider the impact of a third round of tax cuts that will take effect in July. While the cuts won't derail inflation's retreat, they will delay it," Cruise said. ...

Aussies say they're paying too much tax

JAMIE WILLIAMSON  |  TUESDAY, 5 MAR 2024
... way, while 72% of Gen X and 63% of Gen Z do. Only 39% of Baby Boomers feel this way. Finder said many see the stage 3 tax cuts as a welcome reprieve, with those earning between $45,000 and $135,000 a year to save a further $804. "That means someone earning ...
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