The Latest Breaking News from Tax Cuts

Want your stage three tax cuts in 2024? Fair enough — just explain which spending or taxation needs to change to pay for them.

Australia is one of the richest countries in the world but decades of tax cuts have trained us to feel poor

For every £1 given workers by cutting tax rates £2 was being taken via freeze on income tax thresholds, thinktank calculates

By 2025–26, freezes will take away £2 for every £1 given to households through the headline personal tax cuts, the Institute for Fiscal Studies said.

With the UK’s volte-face on high-end tax cuts, it’s tempting to apply the same logic here. But pressure from financial markets shouldn’t be a trustworthy impetus for change.

Tax cuts due to come into effect from mid-2024 have become a flashpoint for the upcoming budget as Australia faces economic headwinds.

The former chair of the ACCC says taxes must rise if the federal government wants to deliver the essential services Australians demand.

Archer tells Albanese government ‘it’s OK to change your mind’ as debate continues within ALP about future of Coalition tax package

Stage three tax cuts will kick in during 2024 and on net it will benefit people who earn over $180,000, or the top 3.7 per cent.

British Prime Minister Liz Truss is set to address the Tory faithful at 12pm Paris time (GMT+2) on Wednesday, closing a tumultuous conference after her announcement of billions in unfunded tax cuts sent the pound plunging and prompted fears that the Conservatives are doomed to lose the next election. Watch…

Assistant treasurer Stephen Jones says government ‘not walking away’ from previous policy but framing budget in ‘difficult’ circumstances