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The Latest Breaking News from Tax Cuts

Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000

Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year

The Guardian - AU

Middle income earners primed for extra tax relief

The prime minister says middle income earners are at the centre of an income tax overhaul that he will flesh out in a speech on Thursday.

AAP

Tax cuts are tempting, but Hunt must act for the long term

City Comment: Long after the dust has settled on the election, the Chancellor will be judged on whether he delivered a responsible and sustainable Budget

Evening Standard

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Labor poised to alter stage-three tax cuts for cost-of-living relief as bitter stoush with Coalition looms

Caucus meeting in Canberra on Wednesday to hammer out ‘substantial’ cost-of-living relief to low- and middle-income earners

The Guardian - AU

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

Anthony Albanese hoses down claims stage-three tax cuts will be changed to pay for cost of living relief

Prime minister says ‘everyone will be getting a tax cut’ on KIIS FM after 2GB says government considering lifting tax-free threshold while retaining highest tax bracket at $180,000

The Guardian - AU

UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth

A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.

International Business Times UK

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Morning Mail: Albanese urged to scrap tax cuts, call for supermarket power probe, Haley trails Trump in key primary

The controversial Coalition-era cuts are too expensive, Greens argue; Nikki Haley faces tough test in New Hampshire

The Guardian - AU

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

AAP

OPINION - The Tories promise tax cuts, no matter what voters want

Election campaigns are not conversations. Political parties may crank up their instant rebuttal units for those few weeks but they are not debating with each other in any real sense. This is often because they want to talk about different things.

Evening Standard

Greens warn Labor stage-three tax cuts will add to inflation and bring little relief for most workers

Party releases Parliamentary Budget Office estimates that the plan will cost $323.6bn over a decade

The Guardian - AU

Albanese fuels cost-of-living relief expectations as MPs debate sticking with stage-three tax cuts

PM says Labor government will receive advice by Wednesday’s caucus meeting on how best to assist Australians struggling with rising costs

The Guardian - AU

Jeremy Hunt, instead of blowing £10bn on tax cuts, why not spend it on boosting growth?

Economic dynamism comes from high public investment, for which the rich should be contributing more

The Guardian - UK

Jeremy Hunt claims Nigel Lawson’s mantle as he teases tax cuts

Hunt draws comparisons with Thatcher’s tax-slashing chancellor as he claims UK is ready for economic boom

The Guardian - UK

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Evening Standard

What time is the Spring Budget 2024? All eyes on the Chancellor on Wednesday

The chancellor is about to outline the main tax changes for the year ahead

AAP

Rate cut prospects up in the air as labour market cools

Some economists predict a softening labour market could bode well for interest rate cuts after Australia's jobless rate plateaued at 3.9 per cent in December.

Fortune

High-net worth families are racing against the clock to shield their wealth before the estate tax increases

"This is the number one issue that’s looming large in peoples’ minds."

The Guardian - AU

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

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The Guardian - US

US corporations push to roll back Trump-era tax policies they once endorsed

An agreement is emerging that ties the corporate tax breaks to an increase in support for vulnerable American families

Fortune

With Trump's tax cuts expiring, taxes could increase for most Americans after next year. Here's how to plan ahead

"Planning early is important."

The Independent UK

Chancellor Jeremy Hunt hints at further tax cuts in Martin Lewis interview

Chancellor told Money Saving Expert taxes will not return to pre-pandemic levels in one go

The Guardian - AU

The stage-three tax cuts are politics over policy – and no way to save our struggling economy

If Anthony Albanese is determined to forge ahead with the Coalition’s fiscal booby trap, any political capital must be used on genuine redistributive tax reform

Evening Standard

Rishi Sunak hints more tax cuts are on the way ahead of 'autumn' election

PM says Labour's Starmer would take Britain 'back to square one'

The Independent UK

Starmer accuses Sunak of ‘vanity’ over election date

Labour leader said he suspects PM wants a late election so he can mark two years in office

The National (Scotland)

Rishi Sunak pledges to cut welfare and benefits to fund tax cuts

THE Tories are preparing to cut benefits in order to cut taxes, Rishi Sunak has suggested ...

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