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The Latest Breaking News from Tax Cuts

Prime Minister Anthony Albanese says over and over again that his government’s position on the stage three tax cuts hasn’t changed, and the rain just keeps on coming on the east coast.

Crikey

Liz Truss’s economic plans are more anti-growth than those of her critics

The Guardian - UK

PM insists 'no change' on income tax cuts

Senior ministers insist they're sticking to their election promise of keeping significant income tax cuts as the Greens warn the policy will restrict spending.

AAP

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Why is trickle-down economics still with us?

This gonzo economic theory continues to live on, notwithstanding its repeated failures

The Guardian - US

Albanese insists tax position 'hasn't changed', as the government targets defence delays

Anthony Albanese on Sunday insisted the government’s intention to deliver the Stage 3 tax cuts has not changed, while he reinforced the expectation of deep spending cuts in this month’s budget to attack “waste”.

The Conversation

‘Catastrophe’: Warning that benefits cut would plunge 200,000 more children into poverty

Liz Truss urged to abandon plan to fund tax cuts by increasing payments for poorest in line with wages rather than inflation

The Independent UK

Albanese urged not to ‘lose the moment’ for tax reform as he squashes debate on stage-three cuts

Economists say the tax cuts are unaffordable and should be trimmed or changed, either now or in May

The Guardian - AU

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Federal government appears set to maintain stage 3 tax cuts in this month's budget despite mounting speculation

The federal government is unlikely to change income tax cuts that will predominantly benefit high and middle-income earners in this month's budget.

ABC News

Stage-three tax cuts: what are they, how do they work and why do they exist?

They’re the biggest debating point ahead of the Labor government’s October budget, but what actually are the stage-three tax cuts?

The Guardian - AU

PM doubles down on tax cut continuity

Debate rages over whether Labor is considering amending legislated tax cuts but Prime Minister Anthony Albanese says there are no plans to change course.

AAP

Growing number of Australians want the stage-three tax cuts scrapped, poll shows

Public opinion for repealing the package now sits at 48% as people become better informed about the consequences

The Guardian - AU

Freeze state pensions and slash ‘non-frontline’ NHS and schools staff, said No 10’s economic adviser

Radical ideas to reduce spending, outlined in Matthew Sinclair’s 2010 handbook, may now be needed by the Tories to pay for their tax cuts

The Guardian - UK

Liberals vow tax cut fight at 'every step'

Despite the Prime Minister's assertions the government has not changed its position on tax cuts, the Deputy Liberal Leader says Australians can't be confident.

AAP

Labor's Stage 3 tax cut kite-fly pits budget economics against election promises

Doing the sums on Coalition tax cuts

Newcastle Herald

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The Guardian - UK

OBR forecasts likely to show £60bn-£70bn hole after Kwarteng’s mini-budget

Predictions handed to chancellor expected to paint gloomy picture for UK economy amid sweeping tax cuts

AFP

Malaysia unveils 'populist' budget, fuelling snap polls speculation

Kuala Lumpur (AFP) - Malaysia unveiled a tightened national budget for 2023 on Friday but the inclusion of a few billion dollars in cash handouts and tax cuts has fuelled speculation that the government may soon call snap elections.

The New Daily

Michael Pascoe: Morrison heeded the Tooth Fairy when Treasury warned against tax cuts

In 2018, when Scott Morrison announced his tax-cut package, Treasury laid out in black and white the grounds for scrapping Stage Three

The Guardian - AU

Anthony Albanese leaves open possibility of changes to stage-three tax cuts

Prime minister says government ‘hasn’t changed our position’ but does not rule out doing so in future

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Crikey

Young, done and broke: what students would do with billions in stage three tax cuts

Tens of thousands of students are living in poverty, and yet we’re prioritising the Clive Palmers of the world with stage three tax cuts.

The Guardian - AU

Morning mail: Zelenskiy appeals to Australia, 37 dead in Thailand attack, Annie Ernaux’s Nobel win

Friday: Ukraine’s president has urged world leaders not to give in to Russia’s ‘nuclear blackmail’. Plus: should Labor scrap the stage-three tax cuts?

Crikey

‘Difficult decisions’ ahead of budget

Treasurer Jim Chalmers issued the warning as it looks more and more likely the government will ditch the stage three tax cuts.

The Conversation

Grattan on Friday: Jim Chalmers plays the tease as he pushes to change Stage 3 tax cuts

When Scott Morrison was treasurer he flew the kite for an increase in the GST. The debate ran a while, before then prime minister Malcolm Turnbull shut it down. It was all too hard.

Wales Online

Households on every income to be worse off in three years after mini-budget, study claims

The freezes will take away £2 for every £1 given to households through tax cuts, the study suggests

The New Daily

Stage-three tax cuts in the spotlight as global gloom weighs on federal budget

Amid warnings global monetary tightening might give way to worse, Treasurer Jim Chalmers says the upcoming budget will not be immune.

Evening Standard

Moving on up? Just stop the pound going down, Liz

City Voices: Truss’ speech showed she didn’t understand the causes of stagnant economic growth or has a credible plan to solve them

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