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The Latest Breaking News from Tax Cuts

Property investors in focus as tax debate shifts gears

As home ownership becomes increasingly difficult for many, pressure is growing on the major political parties to revisit tax reform.

AAP

The Crunch: a widening ideological divide and the decline of birds

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The Guardian - AU

'They'll never change': PM goes on attack over tax cuts

Anthony Albanese has launched a full-throated attack against the coalition after it loudly complained and then quickly capitulated over changes to tax cuts.

AAP

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Four Reasons to Tap Opportunity Zones Before They Expire

As a provision in the Tax Cuts and Jobs Act, opportunity zones could sunset at the end of 2026, but there’s still time to maximize major tax benefits.

Kiplinger

Coalition 'cannot be taken seriously' on tax, PM claims

The prime minister says the federal opposition cannot be taken seriously after agreeing to back in stage three tax cut changes following earlier criticism.

AAP

Peter Dutton said Labor’s tax changes would bring down the government – now he’s voting for them

Labor has wedged the Coalition so successfully that Dutton will vote for the breach of promise he said would end Anthony Albanese

The Guardian - AU

Stage-three tax cuts: Labor’s changes to pass parliament with Coalition support

Peter Dutton says opposition won’t stand in the way of Labor plan, but Greens still in negotiations over $359bn package

The Guardian - AU

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Littleproud says planned renewables rollout ‘pure insanity’; RBA governor quizzed – as it happened

All the day’s news as it unfolded

The Guardian - AU

Church bells and protest chants as parliament returns

A church service offered a moment of quiet as federal politicians returned for 2024, before protests and tax debate brought sound and fury back to Canberra.

AAP

Tax cuts all but assured as coalition backs changes

Households struggling with living costs can breathe a sigh of relief, with the coalition agreeing to back Anthony Albanese's reworked tax cuts.

AAP

China’s ambassador to Australia summoned over Yang Hengjun suspended death sentence – as it happened

This blog is now closed

The Guardian - AU

Almost two in three voters back tax changes, poll shows

Almost two in three voters back changes to tax cuts, but the ongoing debate hasn't made much difference to the popularity contest between the two major parties.

AAP

'We'll see': Albanese throws down gauntlet on tax cuts

Prime Minister Anthony Albanese is putting pressure on the coalition to back Labor's stage 3 tax cut changes, as federal parliament returns for the new year.

AAP

If Peter Dutton’s opposition are true defenders of the working class, support for Labor’s stage-three overhaul may be their ultimate test

Dutton warned messing with the stage-three tax cuts would end Albanese’s prime ministership. But the alternative has the opposition leader on the back foot

The Guardian - AU

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AAP

Dutton signals support for Labor's changes to tax cuts

Australians in need of greater assistance are soon expected to get some relief, with signs the coalition is unlikely to oppose reworked tax cuts.

The Guardian - UK

Starmer says Labour would level up workers’ rights in way not attempted for decades – as it happened

Labour leader tells conference that reforms ‘may not please everyone in room’

The Guardian - UK

Jeremy Hunt plays down talk of spring budget tax cut after IMF warning

Chancellor says less room now for spring giveaway despite being widely thought to be gearing up for cuts

AAP

Tax talk turns negative as Labor gears for relief

Changes to tax cuts that increase the returns of lower to middle-income earners have spurred speculation about whether negative gearing changes are next.

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The Guardian - UK

The Guardian view on Rishi Sunak’s tax plans: stop trying to buy votes

Editorial: The IMF is right: Downing Street is taking a foolish risk by putting tax cuts before public spending

The Guardian - AU

Jim Chalmers warns restoring tax cuts to high earners would ‘smash’ budget by almost $40bn

Treasurer’s data estimates reimposing old stage-three cuts while retaining Labor’s plan for low and middle earners would cost $39bn over four years

AAP

Tax changes spark calls for complete system redesign

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

The Guardian - AU

Dutton under pressure to back stage-three tax changes as analysis shows big benefit to Coalition electorates

About 85% of taxpayers in Liberal and National seats will be better off under Labor’s plan

Evening Standard

IMF cautions against UK cutting taxes in upcoming Budget

The country needs the money to invest in public services and get the national debt under control, the International Monetary Fund said

Newcastle Herald

Harbour swim's steep entry fee excludes many

Letters and Short Takes: Cost of harbour swim 'prohibitive' for many

The Guardian - AU

Guardian Essential poll: one in two voters back stage-three tax cuts changes

Labor’s bid to skew package towards low- and middle-income earners given boost, as only 22% say it should go ahead unchanged

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