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The Latest Breaking News from Tax Cuts

Grattan on Friday: Should Anthony Albanese keep his word on the Stage 3 tax cuts?

The final, mega stage of the Coalition’s tax cuts, worth more than $240 billion over a decade, is now in the gun sights of many critics, who are calling for Anthony Albanese to dump his promise to deliver it.

The Conversation

The stage three tax cuts are a pile of garbage, and everybody knows it

Anthony Albanese could learn a thing or two from Bob Hawke, who walked back tax cuts promised ahead of the 1983 election

The Guardian - AU

States tapping historic surpluses for tax cuts and rebates

State governments flush with money are returning billions of dollars to their residents

The Independent UK

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MPs lean on Anthony Albanese, but dumping of tax cuts quashed

Senior Labor sources last night quashed speculation that the government was giving itself room to dump the controversial stage three tax cuts.

The New Daily

Labor won’t reverse the stage three tax cuts. Get real. It’s in for the long haul

‘Taxes buy civilisation’ only works in a social democracy. Now working-class families plot their own life course. Reneging on cuts would be a political killer.

Crikey

Lawyer reveals dementia diagnosis after guilty verdict – as it happened

This blog is now closed

The Guardian - AU

Morning mail: tax cuts to ‘turbocharge inequality’, parental leave call, sea level rise locked in

Tuesday: A new analysis shows the $243bn in tax cuts, due to start in 2024, would benefit Australia’s richest 1% as much as the poorest 65% combined. Plus: moon rocket launch delayed

The Guardian - AU

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Cut above the rest

Stage three tax cuts will give the richest 1% of Australians the same amount of money as the poorest 65% combined, and teal independent Kylea Tink has shares in two fossil fuel companies.

Crikey

Delivery will determine the success of Albanese’s jobs summit

How Anthony Albanese delivers on the expectations his gesture politics have built up will be critical to the success of his two-term strategy of government.

The New Daily

Anthony Albanese Is Copping Heat For Refusing To Ditch Tax Cuts That’ll Benefit Rich People

Once the tax cuts are introduced, it'll mean everyone earning between $45,000 and $200,000 will pay 30 per cent in tax.

Pedestrian.tv

Liberal MP calls for tax cut scrapping

A veteran Liberal backbencher has advocated for the dumping of the coalition's stage three tax cuts due to come into force in 2024.

AAP

Liberal MP says stage 3 tax cuts should be scrapped, as Anthony Albanese stands firm

Prime Minister Anthony Albanese reaffirms his party's commitment to keep stage 3 tax cuts for high income earners, despite growing calls for them to be delayed or scrapped.

ABC News

Liz Truss rejects immediate direct help for everyone with rocketing energy bills

Allies of Liz Truss insist nothing is off the table but said the Tory frontrunner is focused on tax cuts ahead of immediate universal support for Brits struggling with rising costs

Daily Mirror

Liz Truss rejects help for all facing soaring energy bills as she eyes further tax cuts

‘No decisions have been made’ on other options – just 9 days before foreign secretary expected to take power

The Independent UK

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Daily Mirror

11 things Rishi Sunak said that could come back to haunt Liz Truss if she wins

Liz Truss is expected to be named Prime Minister after a summer of vicious infighting. Her rival Rishi Sunak has landed a string of damaging blows along the way which could pose problems for the Tories

The Guardian - AU

Pocock urges Labor to scrap tax cuts – as it happened

This blog is now closed

The Guardian - AU

Scrapping the stage three tax cuts would save $243bn. How would you spend it?

Tax cuts, or a bullet train, or raising jobseeker to lift hundreds of thousands of people out of poverty? You decide with our interactive guide

The Independent UK

Rishi Sunak hits out at Liz Truss over ‘complacent’ economic policies

The former chancellor vowed to prioritise the battle against inflation while his rival advocates tax cuts.

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The Independent UK

Rishi Sunak questions whether Liz Truss’s tax plans are truly Thatcherite

Sunak says Thatcher would know Truss’s planned tax cuts ‘aren’t a sensible approach’

Evening Standard

Tory leadership hustings: Liz Truss defends tax cuts proposal amid criticism from Sunak campaign

Leadership candidates clash over cost-of-living crisis at Birmingham hustings as campaign enters its final weeks

Daily Mirror

Liz Truss suggests she'll refuse to have an ethics advisor to police her behaviour as PM

Tonight is the tenth of 12 events held around the country for Tory party members - who account for around 0.2% of the population - to probe the candidates before deciding who should be the next PM

The Guardian - UK

Rishi Sunak attacks Liz Truss’s plans to curb Bank of England’s independence

Former chancellor says rival’s economic proposals could ‘spook international investors’

Daily Mirror

Liz Truss will pour 'fuel on the fire' warns Rishi Sunak as he slams tax cuts

Speaking ahead of a hustings event in Birmingham, the former chancellor warned that the leadership favourite could cause spiralling inflation if she takes office

The Guardian - UK

Truss has thrown red meat to Tory members – but the public has rather different tastes

Truss’s hard Conservatism and tax cuts are a worry to the Tory left, says Spectator deputy political editor Katy Balls

The Guardian - UK

New PM’s spending plans must face scrutiny, says Treasury committee chair

Mel Stride says OBR must provide fiscal forecasts as Liz Truss urged to ‘come clean’ on promised tax cuts

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