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The Latest Breaking News from Tax Cuts

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

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

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

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The Guardian - AU

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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

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.

AAP

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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

The Guardian - UK

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

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

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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

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’

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AAP

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.

The Guardian - AU

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 - UK

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 - 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.

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