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The Latest Breaking News from Tax Cuts

Brian Tamaki and Nats' tax cuts light a fire in Labour

Labour leader Chris Hipkins regains his mojo, launching his party's election campaign with a big policy carrot and a lot of help from planted protesters and National's big play on tax

Newsroom.co.nz

Labour and National kick climate can down the road

Comment: As long as the two Chrises make the right noises about fighting the climate crisis, they don't have to worry about actually doing anything, writes Marc Daalder.

Newsroom.co.nz

National's 'carbon dividend' takes climate cash for tax cuts

National says its tax plan includes a "carbon dividend" but economists say the party is wrong and the policy won't accomplish what it promises.

Newsroom.co.nz

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National's tax plan: What you need to know

National says its tax cuts are targeted to the median earner, though families with children and landlords also get special attention in the $14.6b package.

Newsroom.co.nz

Labor is nibbling at tax reform but revamping stage three cuts is too big to swallow

The intergenerational report shows cuts will be needed in the medium to long term to prevent workers paying an ever-growing share of the total take

The Guardian - AU

The Guardian view on Tory MPs and tax cuts: the desperate demanding the delusional

Editorial: The Conservative fixation on shrinking the state is fiscally reckless and detached from political reality

The Guardian - UK

Dorries claims she is ‘working daily’ on behalf of her constituents amid calls for her to resign – as it happened

She made the comment in response to repeated claims she is neglecting her duty as an MP

The Guardian - UK

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Australia’s most vile business lobby, the Business Council, repeats the same lies over and over

The BCA says, yet again, we need to cut company tax and slash wages to fix our economy. But it says nothing about the biggest problem.

Crikey

From Aukus to tax cuts: six things to watch for at Labor’s national conference

Expect a ‘little bit of a bizarro world’ with the policy fights largely already settled, one insider says. Still, some debates will be worth watching

The Guardian - AU

Tax cuts would put ‘scary’ UK finances in greater danger, warns top economist

Paul Johnson, of the Institute for Fiscal Studies, issues plea for honesty from Labour and the Conservatives about tax and spending choices ahead of election

The Guardian - UK

Kwasi Kwarteng admits mini-budget turmoil affected his mortgage

Former chancellor says payments went up ‘considerably’ after his tax cuts sent borrowing costs spiralling

The Guardian - UK

Sunak under pressure as Bank signals rates will stay high for months

Tory MPs call for targeted tax cuts as Labour criticises 14th interest rate hike as ‘mortgage bombshell’

The Guardian - UK

Virginia Tax-Free Weekend Gone Despite Massive Budget Surplus

For the first time in years, Virginia shoppers won’t have a back-to-school sales tax holiday in August.

Kiplinger

Billions in property tax cuts need Texas voters’ approval before taking effect. Here’s what you need to know.

Legislation passed this month would raise the state’s homestead exemption to $100,000, lower schools’ tax rates and put an appraisal cap on residential and commercial properties, among other measures. But voters must approve a constitutional amendment first.

The Texas Tribune

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The Guardian - UK

‘Vast’ growth in value of England rentals since 1990 would have built 3m council homes

Exclusive: Private rentals have grown £400bn in value – making a mockery of landlords’ demands for tax cuts, say campaigners

The Guardian - AU

RBA lifer Michele Bullock may have the luck of playing good cop to Philip Lowe’s bad

The Reserve Bank of Australia’s first female governor will begin her appointment at or very near the end of the cycle of rate rises

The Independent UK

Rishi Sunak signals no tax cuts before next election amid inflation fears

PM says reducing inflation ‘takes precedence over everything else’

The Texas Tribune

Property tax cuts hit the fast track as Texas Senate advances long-awaited agreement

The package could land on Gov. Greg Abbott’s desk by the end of the week. Voters must pass the plan in a constitutional election in November for it to take effect in the 2023 tax year.

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The National (Scotland)

Jeremy Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

JEREMY Hunt will say he is prioritising tackling inflation over tax cuts, in a blow to Tory MPs clamouring for a pre-election giveaway.

The Independent UK

Hunt prioritises tackling inflation over tax cuts amid pressure from Tory MPs

Jeremy Hunt’s comments will irk some Conservatives pushing for a pre-election giveaway.

The Independent UK

Tory lord blasts ‘significant sizeable wing’ of party as ‘completely and utterly insane’

Lord Vaizey called on Conservative MPs to stop ‘banging on’ about tax cuts

The Guardian - UK

UK tax cuts unlikely before election, says Jeremy Hunt

Chancellor calls on firms to tackle high prices as government remains far from pledge of halving inflation to 5%

Evening Standard

Chancellor downplays tax cuts and admits calming inflation tougher than feared

The Chancellor said he must ‘double down’ to bring down prices rather than increase demand in the economy

The Texas Tribune

As Texas lawmakers tussle over property tax relief, it’s unclear whether renters will benefit

Texas’ top Republicans are fighting over how to split property tax cuts between businesses and homeowners. Democrats want renters to see relief, too.

The Independent UK

UK mortgage rates spike to highest level since Truss tax plan spooked markets

Homeowners and renters in the U.K. are facing further grim news as mortgage rates hit levels not seen since unfunded tax cuts announced by the government last fall spooked investors

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