The lesson from the opening round of a very long tax argument is simple. Peter Dutton made it more complicated.
The fight over stage 3 tax cuts has shifted to how it will affect jobs. The Treasurer says the overhaul will boost labour supply while the Coalition labelled him ‘Robin Hood’.
As the Coalition argues the government cannot be trusted on income tax changes,independent MPS and a former Labor luminary are encouraging an examination of the entire tax system.
While you may not be able to do much to change your tax bill,what you do have some power over is the emotional response you have to it.
The recently reworked stage 3 tax cuts provide an opportunity to sacrifice salary to super without losing out on take-home pay.
Treasurer Jim Chalmers urged the Coalition to back the bigger tax cuts for essential workers.
These days,tricky politics trumps good policy. And neither side has a monopoly on hypocrisy.
New research done by the RBA shows that a huge proportion of the population has no idea about the bank’s most important job. And it’s this combination of ignorance,and broader economic illiteracy,that is being tilled by political populists for their gain (and our broader loss).
The prime minister was booed by sections of the crowd after the men’s singles final at Melbourne’s Rod Laver Arena.
Teals Kate Chaney and Monique Ryan said they would support Labor’s changes but warned wider reform must be on the agenda to tackle problems such as bracket creep.
Politicians on both sides hope bracket creep remains their dirty little secret. Let me tell you how it really works.