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The Latest Breaking News from Tax Cuts

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

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

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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

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

The Guardian - AU

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.

AAP

A broken promise or changed times? Canberrans have their say

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

The Canberra Times

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

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

The Guardian - AU

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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

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

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AAP

PM justifies rejigged tax cuts as cost-of-living relief

The prime minister has backed his government's reworked income tax package as the best way forward for struggling workers.

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The Guardian - AU

The old stage-three cuts are dead. Long live Labor’s new policy, which 90% of Australians will cheer

The Coalition will shout about a broken promise. But that argument is unconvincing when you look at the numbers

The Guardian - AU

Albanese promises to double tax relief for average-income Australians in stage-three overhaul

Prime minister to use National Press Club address to defend new plan as the ‘right thing to do’

The Guardian - AU

Labor MPs endorse changes to stage-three tax cuts

Move will spark fierce political battle for Albanese government as opposition vows to roll back changes if they win government

The Guardian - AU

Afternoon Update: Trump wins New Hampshire primary; Labor to amend stage-three tax cuts; and former News Corp boss appointed ABC chair

New Hampshire primary result suggests smooth path to GOP nomination for Donald Trump

The Guardian - AU

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

AAP

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.

Evening Standard

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

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