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The Latest Breaking News from Tax Cuts

What state are government finances in and what legacy is Reeves likely to inherit?

Hunt has steadied the ship, but some may question whether there is really fiscal room for tax cuts

The Guardian - UK

Anthony Albanese rules out further changes to Labor’s stage-three tax cuts overhaul

The prime minister says he is ‘very confident’ Labor’s new tax plan will pass parliament

The Guardian - AU

Albanese 'hopeful' for Senate support in tax cut change

The prime minister is standing by his changes to stage three tax cuts, remaining confident parliament will support the amended plans.

AAP

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PM stands by tax cut changes for 'every Australian'

The prime minister has brushed off criticism of proposed changes to promised tax cuts, saying he has a responsibility to help Australians in financial stress.

AAP

OPINION - Tax cuts in this economy? This Tory obsession is a fiscal scorched earth strategy aimed at Labour

How can a nation that has enjoyed no productivity growth in 15 years, is still reeling from the economic shocks of Brexit, Covid and Russia’s full-scale invasion of Ukraine and where debt is equivalent to 100 per cent of GDP, afford sweeping tax cuts? The short answer is: it can’t.…

Evening Standard

Sunak to cut taxes twice more before election, says Tory chair

Richard Holden signals further cuts likely as he plays down polls showing party trailing Labour

The Guardian - UK

As Scott Morrison exits, Albanese takes his stage-three tax cuts out to the trash

Was this the plan for stage three all along – that is, did Labor mislead voters to win the 2022 election? And will it matter, if most voters are better off?

The Guardian - AU

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Pocock wants to boost Centrelink payments using savings from stage-three tax cuts overhaul

Key senator calls for broader tax reform, while arguing changes to stage-three plan could fund increases to jobseeker and other payments

The Guardian - AU

How Labor’s stage three tax cuts flip will benefit women more

An unnoticed benefit of Labor’s tax cut changes will be to give women a bigger cut — which will flow through to participation in female-dominated industries.

Crikey

Morning Mail: ‘I don’t want to die,’ new AOTY says, Kirrily hits Townsville, Dunkley voters give tax cuts verdict

Prof Richard Scolyer talks movingly about his terminal cancer after joint award for work on melanoma; cyclone makes landfall in north Queensland

The Guardian - AU

PM open to crossbench talks on tax cut changes

As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.

AAP

‘It’s a no-brainer’: what voters in upcoming Dunkley byelection say about Labor’s stage-three tax cut changes

Victorian electorate will be first test of support for overhaul that shifts more of the benefit to low- and middle-income earners amid cost-of-living pressures

The Guardian - AU

Peter Dutton calls for election over ‘very significant change’ to stage-three tax cuts

Anthony Albanese concedes Labor has changed tax policy but says he had ‘responsibility to act’ given cost of living pressures

The Guardian - AU

Independent MPs 'conflicted' by tax cut changes

Changes to tax cuts would help lower income Australians, but some independent MPs are concerned about the impact on their affluent constituents.

AAP

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The Guardian - AU

Afternoon Update: Queensland residents prepare for Kirrily; PM begins selling stage-three tax cuts; and Captain Cook statue toppled

Townsville residents issued a ‘shelter in place’ order as Kirrily is updated to category 3 and expected to make landfall on Thursday evening

AAP

Tax change welcomed but groups rue 'missed opportunity'

Welfare groups say the government has missed out on the chance for broader reform, following changes to stage three tax cuts.

The Canberra Times

A broken promise or changed times? Canberrans have their say

'Don't stick with something that might not work.'

The Guardian - AU

The stage-three tax cuts are finally being revised. The rich complaining Labor broke its promise just sound vulgar

Anyone wishing to make hay of Albanese’s ‘broken promise’ deserves to be asked to just whom in the electorate this promise was made

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The Guardian - AU

Treasury estimated stage-three tax cut changes would add 0.1 percentage point to inflation

RBA hasn’t modelled whether Albanese government’s redistribution of tax cuts could add to inflation, but isn’t expected to adjust its forecasts

Crikey

A taxonomy of tax cut takes: How the stage three changes played across Australian newspapers

Crikey takes a look at how Labor’s stage three tax cuts flip has played in the nation’s media.

The Guardian - AU

Stage-three tax cuts: how the Albanese government’s changes will affect you

Federal cabinet has approved an overhaul of the Morrison government’s scheme. See how much you will receive under the new package

Crikey

Coalition stumbles out of the blocks on Albanese’s sneaky tax change

Labor has broken a major election promise on tax cuts — but it’s the opposition facing questions over whether it would lift taxes on low- and middle-income earners.

The Guardian - AU

Sussan Ley retreats from comments suggesting Coalition would repeal Labor’s stage-three tax cut changes

Deputy opposition leader denies promising to roll back Albanese government’s changes and says Labor ‘lied’ about the tax cuts

The Guardian - AU

Queensland residents brace for cyclone – as it happened

This blog is now closed

Crikey

Fatter wallets for 84% of Australians

Average-wage earners will pocket more than $1,500 in tax relief under Labor’s changes to the stage three tax cuts, and Alex Zverev thoroughly defeated dual grand slam champion Carlos Alcaraz last night, leaving the Australian Open race wide open.

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