Taking a page from a tax overhaul in the United States, Australia's seven-year plan to cut personal income taxes is aimed at boosting the economy and delivering a political victory for Prime Minister Malcolm Turnbull. The bill had been stalled in the finely balanced parliamen...
Australia’s upper house Senate passed on Thursday A$158 billion ($110 billion) worth of tax cuts over the next decade, the centrepiece of the conservative government’s plan to boost an economy that is threatening to stall.The plan was approved by the lower house of parliament on Tuesday ...
Australia Opposition Pledges Corporate-Tax CutEnda Curran
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That support has likely helped avoid some damage to the economy, offering households some breathing space as we traverse 2024. Household disposable income rose slightly as the tax paid by households fell by 3.3 per cent in the quarter. That was the first rise in nominal disposable income in ...
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Learn more about tax deductions in Australia. See what deductions you can claim, from laundry to education and reduce the final year’s taxable income.
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