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The Latest Breaking News from Tax Cuts

Albanese promises to double tax relief for average-income Australians in stage-three overhaul

Prime minister to use National Press Club address to defend new plan as the ‘right thing to do’

The Guardian - AU

The old stage-three cuts are dead. Long live Labor’s new policy, which 90% of Australians will cheer

The Coalition will shout about a broken promise. But that argument is unconvincing when you look at the numbers

The Guardian - AU

Labor MPs endorse changes to stage-three tax cuts

Move will spark fierce political battle for Albanese government as opposition vows to roll back changes if they win government

The Guardian - AU

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Afternoon Update: Trump wins New Hampshire primary; Labor to amend stage-three tax cuts; and former News Corp boss appointed ABC chair

New Hampshire primary result suggests smooth path to GOP nomination for Donald Trump

The Guardian - AU

Albanese’s broken tax promise fires the gun on the next election campaign

The PM’s planned changes to the stage three tax cuts might be good policy but the broken promise will have Peter Dutton jumping for joy.

Crikey

Stage-three tax cuts: cabinet approves new cost-of-living relief for workers on less than $150,000

Taxpayers earning under $150,000 would be better off under a plan to retain the 37% tax bracket, unwinding the Morrison government’s stage-three tax cuts due to come into effect this year

The Guardian - AU

Middle income earners primed for extra tax relief

The prime minister says middle income earners are at the centre of an income tax overhaul that he will flesh out in a speech on Thursday.

AAP

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Tax cuts are tempting, but Hunt must act for the long term

City Comment: Long after the dust has settled on the election, the Chancellor will be judged on whether he delivered a responsible and sustainable Budget

Evening Standard

Labor poised to alter stage-three tax cuts for cost-of-living relief as bitter stoush with Coalition looms

Caucus meeting in Canberra on Wednesday to hammer out ‘substantial’ cost-of-living relief to low- and middle-income earners

The Guardian - AU

Jeremy Hunt has room for £20bn tax cuts after borrowing halves year on year

December deficit is less than expected at £14bn – the lowest for the month since 2019

The Guardian - UK

Anthony Albanese hoses down claims stage-three tax cuts will be changed to pay for cost of living relief

Prime minister says ‘everyone will be getting a tax cut’ on KIIS FM after 2GB says government considering lifting tax-free threshold while retaining highest tax bracket at $180,000

The Guardian - AU

UK Economic Revival Predicted: Falling Inflation and Tax Cuts Set Stage for Growth

A recent study conducted by the EY Item Club, a prominent forecasting body sponsored by EY, suggests that the nation is poised for a resurgence in the latter half of the year.

International Business Times UK

NSW minister’s wife ‘disciplined’ for pro-Palestine stand

The teacher wife of NSW minister Jihad Dib has been ‘disciplined’ for her pro-Palestinian activism at school, and Labor has reiterated its position on the stage three tax cuts has not changed.

Crikey

Morning Mail: Albanese urged to scrap tax cuts, call for supermarket power probe, Haley trails Trump in key primary

The controversial Coalition-era cuts are too expensive, Greens argue; Nikki Haley faces tough test in New Hampshire

The Guardian - AU

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AAP

Labor on vote-buying spree promising tax cuts for all

Anthony Albanese is promising middle Australia will be the focus of cost-of-living support, as speculation mounts about changes to stage three tax cuts.

Evening Standard

OPINION - The Tories promise tax cuts, no matter what voters want

Election campaigns are not conversations. Political parties may crank up their instant rebuttal units for those few weeks but they are not debating with each other in any real sense. This is often because they want to talk about different things.

The Guardian - AU

Greens warn Labor stage-three tax cuts will add to inflation and bring little relief for most workers

Party releases Parliamentary Budget Office estimates that the plan will cost $323.6bn over a decade

The Guardian - AU

Albanese fuels cost-of-living relief expectations as MPs debate sticking with stage-three tax cuts

PM says Labor government will receive advice by Wednesday’s caucus meeting on how best to assist Australians struggling with rising costs

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The Guardian - UK

Jeremy Hunt, instead of blowing £10bn on tax cuts, why not spend it on boosting growth?

Economic dynamism comes from high public investment, for which the rich should be contributing more

The Guardian - UK

Jeremy Hunt claims Nigel Lawson’s mantle as he teases tax cuts

Hunt draws comparisons with Thatcher’s tax-slashing chancellor as he claims UK is ready for economic boom

Evening Standard

What time is the Spring Budget 2024? All eyes on the Chancellor on Wednesday

The chancellor is about to outline the main tax changes for the year ahead

AAP

Rate cut prospects up in the air as labour market cools

Some economists predict a softening labour market could bode well for interest rate cuts after Australia's jobless rate plateaued at 3.9 per cent in December.

Crikey

Albanese says high-income Aussies will still get their tax cuts

The stage three tax cuts have been blasted as unfair, but the government plans to push ahead with them anyway.

Fortune

High-net worth families are racing against the clock to shield their wealth before the estate tax increases

"This is the number one issue that’s looming large in peoples’ minds."

The Guardian - AU

Labor says it’s looking for ways to ease cost-of-living pressures. Just don’t mention the stage-three tax cuts

The cuts are already baked into the RBA’s forecasts and economists say there is little point looking at alternatives

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