Business News

promising tax breaks, but relying on hope

Written by Peter Martin, Visiting Fellow, Crawford School of Public Policy, Australian National University

Wes Mountain

Tax cuts aren’t the half of it.

The personal income tax cuts promised in the budget will cost A$17.8 billion over four years.

The measures aimed at supporting businesses – the temporary instant tax write off of capital investments, the temporary ability to use losses to reduce previous tax payments, the JobMaker hiring...

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