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The Latest Breaking News from Tax Cuts

Pressure builds to ditch tax cuts in next budget

A leading welfare group says increasing government support payments would cost less than planned tax cuts for the wealthy and lift millions out of poverty.

AAP

Don’t believe the spin — Rishi Sunak is weaker than ever post-Zahawi

Hard as it always is to say when the rust set in, I think the deciding moment was the immediate aftermath of Boris Johnson’s resignation on July 7. Faced with the rubble of what amounted to an ethical crash — the long disaster of partygate and the allegations of sexual…

Evening Standard

Here’s what you need to know about the fight over property tax cuts in the Texas Legislature

Republicans are wrestling over how much of the state’s nearly $33 billion budget surplus to spend on property taxes. Democrats have their own ideas about what to do with the cash.

The Texas Tribune

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Jeremy Hunt urges millions of early retirees to return to work as he insists tax cuts must wait

Chancellor promises reforms to get people with long-term conditions or mental illness back into jobs

The Independent UK

UK Treasury chief: Tax cuts must wait for inflation to fall

Britain’s Treasury chief says taming inflation is more important than cutting taxes

The Independent UK

Jeremy Hunt says tax cuts will only come ‘when the time is right’

Chancellor aims to temper Tory backbenchers’ hopes as he blames UK woes on ‘economic headwinds’

The Guardian - UK

Chancellor claims he will use Brexit freedoms to tackle poor productivity

Jeremy Hunt is expected to resist calls for tax cuts to kick-start flagging economic growth

Insider UK

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Jeremy Hunt to promote low-tax and private sector ‘retooling’ of industry

Chancellor also expected to tell markets that government spending will remain within strict limits

The Guardian - UK

Jeremy Hunt warned ‘deteriorating’ public finances will limit plans to offer Budget tax cuts

Deteriorating finances will limit plans for tax cuts, says economists

Evening Standard

Korn's party pushes tax cuts for lower-income bracket

The Chartpattanakla Party has proposed a tax restructuring under which people earning 40,000 baht or less a month as a salary or for freelance work would enjoy an income tax cut.

Bangkok Post

Sunak risks public ‘uproar’ with tax cuts before election, TUC leader warns

Paul Nowak says prime minister faces general condemnation if he does not prioritise resolving public sector disputes

The Guardian - UK

Rishi Sunak suggests only ‘idiots’ think he can cut tax in Budget

Prime minister argues pandemic and Russian invasion mean he cannot reduce taxes at present

The Independent UK

Rishi Sunak says people ‘not idiots’ and know why he cannot cut taxes

PM suggests public understands what is affordable, but his stance could trigger fresh backlash from Tory MPs

The Guardian - UK

Ministers hope Chancellor Jeremy Hunt will unveil tax cuts in the autumn before 2024 election

Ministers hope Chancellor Jeremy Hunt can announce tax cuts in the autumn ahead of a General Election a year later.

Evening Standard

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The Independent UK

Jeremy Hunt preparing ‘slim Budget without tax cuts’

Chancellor wants to balance the books, as Liz Truss supporters launch tax-cutting growth group

The Guardian - UK

Jeremy Hunt ‘planning a slimmed-down spring budget with no tax cuts’

Exclusive: Treasury sources say chancellor is resisting pressure from MPs who want taxes to start falling well before next election

Salon

Columnist exposes House GOP tax scam

Washington Post's Catherine Rampell exposes a provision tucked into Republicans' House Rules package

AAP

Rich getting richer amid inflation crisis

Despite the inflation crisis, the wealthiest Australians continue to get richer and experts are now calling on the government to scrap planned tax cuts.

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Reuters

Key Israel business group seeks steep cut in food tax

Israel's Manufacturers' Association on Sunday proposed tax cuts on food along with a host of other measures aimed at strengthening Israeli economic competitiveness and dealing with the country's high cost of living.

Los Angeles Times

Jackie Calmes: Republicans being the party of fiscal conservatism? Don't believe it for a minute

With a Democrat inhabiting the White House, perhaps the most predictable thing about House Republicans' return to power is this: They've rediscovered their faux fiscal conservatism.

The Guardian - AU

A new ‘build your own budget’ tool reveals just how bad the stage-three tax cuts are

Parliamentary Budget Office tool shows how government could deliver tax cuts and also help those in much more need than people earning over $200,000

Los Angeles Times

Commentary: House Republicans’ first order of business? Balloon the $31 trillion national debt

Republicans have long claimed they are dedicated deficit hawks, blaming Democrats for growing deficits and debt. But two votes they cast after electing Kevin McCarthy as House speaker prove that Republicans are charlatans when it comes to deficit reduction.

The Independent UK

Clash over tax cuts coming in Kansas; abortion foes unsure

Kansas’ recently reelected Democratic governor and Republican lawmakers are headed for a clash over how their financially flush state should cut taxes as the Legislature prepares to open its annual session

The Guardian - AU

Labor under renewed pressure to axe stage-three tax cuts as Australia’s budget woes mount

The party voted in support of tax cuts while in opposition and went to the election promising no changes to the policy

The Guardian - AU

The Albanese government has had a solid start. Now comes the hard part

Labor has grown in popularity since its election in May, and ticked off a number of campaign promises. But harder decisions await in 2023

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