US EditionAustralia unveils unexpected tax cuts in pre-election budget
- Australia's pre-election budget introduces a tax cut averaging $538 for workers starting mid-2027, according to the government.
- Experts criticize the budget for not addressing major issues like inflation and housing stress, as noted by Saul Eslake and Gigi Foster.
- The budget forecasts GDP growth of 2.25 percent next year, but concerns remain over spending levels and housing shortfalls, as stated by various economists.
- Economists express skepticism, stating the budget does not significantly improve the economic outlook.
77 Articles
77 Articles
Australia government unveils income tax cuts for 2026-27
The Australian government announced two additional personal income tax cuts set for 2026 and 2027. Australia's 2025 federal budget, released March 25th, outlines significant income tax cuts: a reduction from 16% to 15% by July 1, 2026
Labor lambasts coalition 'brain explosion' on tax cuts
Jim Chalmers says the budget, delivered on the eve of an election, will set up a choice. (Lukas Coch/AAP PHOTOS) By Kat Wong and Andrew Brown in Canberra Plans for new tax cuts for every Australian worker have been rushed into federal parliament, as the window for the calling of the national election narrows. Treasurer Jim Chalmers introduced the legislation to the house on Wednesday, saying it will give a “top-up” to every taxpayer up and down …
Budget 2025: A Dose of Painkillers, but No Major Surgery—Experts Critique Federal Budget
News Analysis Despite moves to appeal to the voting public, the 2025 federal budget has left economists and the business community sceptical. While offering incentives such as energy rebates and student loan relief, the highlight of the budget was the Albanese government’s proposed tax cut “top-up.” Touted as the centrepiece of its pre-election budget, the tax cut will provide an average worker with approximately $538 extra annually, starting in…
Australian government seeks to woo voters with surprise tax cuts
Australia's government launched fresh tax cuts on Tuesday and announced other cost-of-living relief in a major push to win back disgruntled voters, tipping the budget back into the red. Prime Minister Anthony Albanese's center-left government is seeking to win a second term in a May election and is running neck-and-neck…
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