Treasurer aims to “rebuild living standards” Much of the 2025 Federal Budget was already known, after a volley of pre-election spruiking for votes. But Treasurer Jim Chalmers had one surprise up his sleeve – $17 billion in tax cuts. The first round of cuts will kick in on 1 July 2026 and second round on 1 July 2027, saving the average... View Article
Paving the way to an election Treasurer Josh Frydenberg has delivered a ‘back in the black’ Budget aimed squarely at voters, stressing the Morrison Government’s commitment to financial discipline and low taxes. As expected, the Treasurer signaled sweeping tax cuts and major infrastructure spending if the Coalition wins the upcoming federal election widely expected to be held in May. This... View Article
In what is likely to be the final Budget before the Federal Election, tax cuts are again being used to woo voters. The centrepiece of the May 2018 Budget is a new 7-year personal tax plan consisting of a three-step process involving immediate tax relief, protection from bracket creep and simplification of the tax system. Personal tax cuts The initial... View Article