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The Latest Breaking News from Tax Cuts

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.

AAP

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 - UK

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

The Guardian - AU

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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.

AAP

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

The Guardian - AU

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

Evening Standard

Harbour swim's steep entry fee excludes many

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

Newcastle Herald

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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

The Guardian - AU

David Littleproud accuses Labor of ‘class warfare’ over stage-three tax changes, saying $190,000 is ‘not a lot’

Nationals leader says tax cuts were about ‘giving everyone a fair go’ and Labor is ‘pitting one Australian against the other’

The Guardian - AU

Treasurer 'not considering' changes to negative gearing

The treasurer has poured cold water on suggestions Labor will go further with tax reform and target negative gearing after rejigging stage three tax cuts.

AAP

Working-class communities in Coalition-held seats the biggest winners in Labor’s stage-three tax cuts overhaul

Nearly 90% of areas in Australia better off under new plan, with taxpayers in remote and regional communities to gain the most, ANU analysis shows

The Guardian - AU

Governments facing wipeout will always cut taxes but there are better uses for UK’s £20bn windfall

Instead, Jeremy Hunt could shelve plan to cut public investment or repair welfare safety net

The Guardian - UK

Chancellor considers further national insurance cut to take heat off Rishi Sunak

Jeremy Hunt targets further reduction in ‘jobs tax’ in March budget

The Guardian - UK

What state are government finances in and what legacy is Reeves likely to inherit?

Hunt has steadied the ship, but some may question whether there is really fiscal room for tax cuts

The Guardian - UK

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The Guardian - AU

Anthony Albanese rules out further changes to Labor’s stage-three tax cuts overhaul

The prime minister says he is ‘very confident’ Labor’s new tax plan will pass parliament

AAP

Albanese 'hopeful' for Senate support in tax cut change

The prime minister is standing by his changes to stage three tax cuts, remaining confident parliament will support the amended plans.

AAP

PM stands by tax cut changes for 'every Australian'

The prime minister has brushed off criticism of proposed changes to promised tax cuts, saying he has a responsibility to help Australians in financial stress.

Evening Standard

OPINION - Tax cuts in this economy? This Tory obsession is a fiscal scorched earth strategy aimed at Labour

How can a nation that has enjoyed no productivity growth in 15 years, is still reeling from the economic shocks of Brexit, Covid and Russia’s full-scale invasion of Ukraine and where debt is equivalent to 100 per cent of GDP, afford sweeping tax cuts? The short answer is: it can’t.…

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The Guardian - UK

Sunak to cut taxes twice more before election, says Tory chair

Richard Holden signals further cuts likely as he plays down polls showing party trailing Labour

The Guardian - AU

As Scott Morrison exits, Albanese takes his stage-three tax cuts out to the trash

Was this the plan for stage three all along – that is, did Labor mislead voters to win the 2022 election? And will it matter, if most voters are better off?

The Guardian - AU

Pocock wants to boost Centrelink payments using savings from stage-three tax cuts overhaul

Key senator calls for broader tax reform, while arguing changes to stage-three plan could fund increases to jobseeker and other payments

The Guardian - AU

Morning Mail: ‘I don’t want to die,’ new AOTY says, Kirrily hits Townsville, Dunkley voters give tax cuts verdict

Prof Richard Scolyer talks movingly about his terminal cancer after joint award for work on melanoma; cyclone makes landfall in north Queensland

AAP

PM open to crossbench talks on tax cut changes

As the Greens urge further changes to stage three tax cuts, the prime minister says he is open to negotiations to ensure their passage through parliament.

The Guardian - AU

‘It’s a no-brainer’: what voters in upcoming Dunkley byelection say about Labor’s stage-three tax cut changes

Victorian electorate will be first test of support for overhaul that shifts more of the benefit to low- and middle-income earners amid cost-of-living pressures

The Guardian - AU

Peter Dutton calls for election over ‘very significant change’ to stage-three tax cuts

Anthony Albanese concedes Labor has changed tax policy but says he had ‘responsibility to act’ given cost of living pressures

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