Big hint on one group that could be hit with higher taxes

As the pre-election campaign heats up, one leader has dropped a big hint about one group that could be hit with higher taxes.

Anthony Albanese has flagged tax increases for multinationals but assured everyday Australians would not be slogged with a hike if he’s elected Prime Minister.

Last week, Treasurer Josh Frydenberg accused the opposition leader of preparing secret new taxes to support his election commitments.

But asked on Monday, Mr Albanese said the only new taxes being considered were for multinational businesses.

“Multinationals could do a bit more, frankly, and that’s something that we’re looking at. We’ll have more to say about that between now and the next election,” he told 3AW.

Anthony Albanese has ruled out major tax changes for everyday Aussies. Picture: NCA NewsWire / David Crosling

“I’ve made it clear that we won’t be making changes to the legislative tax arrangements, which are in place.”

Asked about reported plans for additional taxes for family trusts, Mr Albanese brushed off speculation as “nonsense”.

“I know there’s been some speculation and nonsense from the other side of politics,” he said.

“I've not been in any Shadow Cabinet meeting of our processes looking at any measures apart from the one that I’ve mentioned, which is multinationals.”

In his pitch to Melbourne voters, he also did not rule out making changes to superannuation.

Josh Frydenberg last week accused the Labor leader of preparing secret new taxes. Picture: NCA NewsWire/Sarah Matray

“We have not planned for any changes on superannuation. We’ll do all of our policy announcements, will be made as they’ve done, as we’ve done since December,” he said.

Assistant Treasurer Michael Sukkar and Superannuation Minister Jane Hume were quick to slap down the proposal.

“Anthony Albanese has shown again he is not fit to run the economy after refusing to rule out increasing taxes on hard working Australians and businesses,” they said in a joint statement.

“The last thing the economy needs is the wrecking ball of higher taxes, punishing hardworking Australians and costing jobs, during a global pandemic.”

Originally published as Big hint on one group that could be hit with higher taxes