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The Latest Breaking News from Tax Cuts

Sunak is warned spending squeeze could lead to Conservative party wipeout at election

As fresh party infighting erupts after two byelection losses, the right are targeting public service funding to pay for tax cuts while others urge restraint

The Guardian - UK

Australia news live: Taylor Swift shows to go ahead at Sydney Olympic Park after no asbestos found – as it happened

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The Guardian - AU

Tax cuts aimed squarely at regions, PM declares

Prime Minister Anthony Albanese says Labor's revamped stage three tax cuts will largely benefit working Australians from the bush.

AAP

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Tory MPs warn Sunak veering further right would be ‘politically disastrous’

Leading members of party’s One Nation caucus caution against any ‘attempt to become the Reform party’

The Guardian - UK

Rishi Sunak warned against fresh austerity drive to finance tax cuts

Unions outraged as Jeremy Hunt said to be considering cutting public spending to balance books in next month’s budget

The Guardian - UK

Jeremy Hunt ‘considering spending cuts’ to fund pre-election tax giveaway

Treasury looking at reducing projected rise in public spending from 2025, FT reports citing insiders

The Guardian - UK

Australia’s economy likely to slow until stage-three tax cuts, lower interest rates and easing inflation kick in, CBA says

Spending tipped to moderate until households start getting some relief in the middle of the year, CommBank chief economist says

The Guardian - AU

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Revamped income tax cuts clear their first major hurdle

Taxpayers earning under $150,000 are in line for a greater tax cut, after the Albanese government's overhauled income tax package cleared the lower house.

AAP

UK's Hunt eyes public spending cuts to fund tax cuts

The Financial Times reports that the UK's Chancellor of the Exchequer, Jeremy Hunt, is considering further reductions in public spending to finance tax cuts.

Top News

PM delivers big pitch on tax cuts as crucial vote nears

People are doing it tough and should keep more of what they earn, the prime minister has declared in a big pitch to parliament on income tax cuts.

AAP

Hunt warned that UK tax cuts risk increasing mortgage rates

“A policy package that ends up lifting mortgage rates is the last thing Hunt will want with an election looming” Bloomberg economist Dan Hanson said

Evening Standard

Can you replace News Corp’s columnists with AI?

News Corp is very proud of its push for AI in newsrooms. But what does it mean for the job prospects of people like Andrew Bolt and Peta Credlin?

Crikey

Guardian Essential poll: any changes to negative gearing get lukewarm support

Voters approve of Labor’s rejigged income tax cuts but any broader reform would fail to win over majority, latest survey finds

The Guardian - AU

CBI tells Jeremy Hunt to focus on green investment instead of tax cuts in budget

Lobby group joins calls for chancellor to resist pre-election giveaways next month and spend on projects to boost economy

The Guardian - UK

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AAP

Property investors in focus as tax debate shifts gears

As home ownership becomes increasingly difficult for many, pressure is growing on the major political parties to revisit tax reform.

The Guardian - AU

The Crunch: a widening ideological divide and the decline of birds

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Crikey

Why Dutton will slash Defence and Home Affairs to fund his tax cuts for the wealthy

Peter Dutton says he’ll cut the public service to fund tax cuts for high-income earners. Which means two departments are in the firing line — the ones he ran.

Crikey

Albo ‘wedged’ Dutton on stage three tax cuts. But what is a wedge and how does one work?

Much has been made of ‘wedges’ amid the stage three tax cut changes. But what exactly is a wedge — and do they even matter anymore?

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AAP

'They'll never change': PM goes on attack over tax cuts

Anthony Albanese has launched a full-throated attack against the coalition after it loudly complained and then quickly capitulated over changes to tax cuts.

Kiplinger

Four Reasons to Tap Opportunity Zones Before They Expire

As a provision in the Tax Cuts and Jobs Act, opportunity zones could sunset at the end of 2026, but there’s still time to maximize major tax benefits.

Crikey

Aboriginal flag misappropriated for Palestine: Peris

Nova Peris says pro-Palestine protesters are misusing the Aboriginal flag, and the RBA says the stage three tax cuts won’t impact inflation.

AAP

Coalition 'cannot be taken seriously' on tax, PM claims

The prime minister says the federal opposition cannot be taken seriously after agreeing to back in stage three tax cut changes following earlier criticism.

The Guardian - AU

Peter Dutton said Labor’s tax changes would bring down the government – now he’s voting for them

Labor has wedged the Coalition so successfully that Dutton will vote for the breach of promise he said would end Anthony Albanese

The Guardian - AU

Stage-three tax cuts: Labor’s changes to pass parliament with Coalition support

Peter Dutton says opposition won’t stand in the way of Labor plan, but Greens still in negotiations over $359bn package

Crikey

How the press corps got caught in the tax cuts wedge

Turns out voters like a government that adapts and adjusts. Someone needs to tell the press gallery.

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