Prime minister says he wants to reduce tax for all firms, but is more cautious about income tax cuts

Malcolm Turnbull has confirmed he will introduce the rest of his company tax cuts to parliament this year, in an attempt to build on his tax cuts for companies with $50m turnover.

But he has hedged on the question of personal income tax cuts, saying taxes should be lower generally but it is a matter of “affordability” for the budget.

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