March
‘Bonkers’: Economists slam Dutton’s fuel excise cut
The opposition leader’s promise to halve the fuel excise is a populist sugar hit that will disproportionately favour the wealthy and do little to fix the budget, economists say.
Dutton ups the ante on tax with fuel excise cut
Dutton says his petrol tax cut will give consumers more money more quickly than the tax cuts, and cost the budget far less.
Why your $10-a week tax cut will be gone in three years
Jim Chalmers’ surprise federal budget tax cuts will be quickly eaten up by bracket creep, tax watchers have warned.
Tax cut bill passes first hurdle, despite Coalition vote against
In rushing through the tax cuts bill, the government is forcing the opposition to go to the election promising to rescind the $17.1 billion in cost-of-living relief.
Inflation slows; PM aims to wedge Dutton; Worrying US data
Read everything that’s happened in the news so far today.
$17b tax cut sparks poll fight
A tax cut of $536 a year for each worker has set up a political fight with the Opposition vowing to block what it calls an “election bribe”.
Just like the ASX, Chalmers’ pitch is mired in Australian mediocrity
The ASX’s malaise is also evident in the ‘lay-buy’ budget. But solutions require the sort of courage and long-term thinking lacking in business and politics.
Everything you need to know about the new tax cuts
Every Australian taxpayer will get a tax cut next year – a surprise measure that Labor will campaign strongly on at the election.
Labor isn’t even trying to fix the real problem
It’s a decade-of-deficits budget without a budget policy or agendas for tax reform or economic growth, just as Trump smashes the global order that has supported our prosperity.
Teals push to index income tax thresholds to inflation
Independent MP Allegra Spender blasts major parties for “lack of ambition for major reform” to return rising income taxes to wage earners
February
Suckers like you will pay more tax to fund election bribes
The Canberra cash splash just delayed the timing of the next income tax cut by another five or six years.
The real reason Trump is quickly imposing tariffs
The president is hoping to raise revenue from new tariffs. He’s banking on this money to help plug a budget hole from his promised tax cuts.
November 2024
Dutton’s tax surprise; Trump picks Musk; Borrowers ‘bank tax cuts’
Read everything that’s happened in the news so far today.
Dutton casts doubt on tax cuts for high earners
More than 1 million high-income earners had been expected to get further tax relief from the Coalition ahead of the next election. That now looks unlikely.
Cathie Wood says Trump will be the best boost for US in 40 years
The investment manager says Donald Trump’s tax cuts will stimulate the US economy, but companies will put investments on hold until they see the details.
October 2024
Millions put tax cut money straight into the bank
Westpac estimates 84 per cent of the tax cuts have been saved in offset and deposit accounts, according to analysis of 1 million customer accounts.
September 2024
Income tax hits 25-year high in Chalmers’ surplus
The treasurer’s second budget in the black has been underwritten by the highest share of wages taxation since before the GST was introduced in 2000.
August 2024
Households have run out of pandemic savings
The $300 billion in pandemic-era savings may have run out, encouraging households to save stage three tax cuts.
June 2024
Trump promises tax cuts in pitch to top CEOs
The former president delivered his populist economic pledges to Wall Street titans at a business roundtable event in Washington before the US election.
How stage three tax cuts can save you $322,000 on your mortgage
Directing tax savings to a mortgage can pay off handsomely over the long term.