Opposition backs initial tax cuts for low income earners, but likely not later stages aimed at higher earners

Labor has signalled it is unlikely to support stage two of the Turnbull government income tax cuts ahead of definitive deliberation by the shadow cabinet on the $143bn budget package on Monday evening.

As the treasurer conceded that the Australian Tax Office could allow some of the tax cuts to be delivered retrospectively in the event of a parliamentary logjam on the package, the shadow treasurer, Chris Bowen, gave a broad hint that stage two of the plan was unlikely to win Labor’s backing.

Continue reading…

Read More Labor unlikely to support stage two of 3bn tax package

Facebook Comments