Articles on Income tax cuts

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It would have been a huge setback if the government hadn’t secured its income tax package, which was the budget’s centrepiece. Mick Tsikas/AAP

Grattan on Friday: Government celebrates on tax, fights on energy

More crucial than the fate of the company tax cuts is the government's long struggle to nail down its NEG, with the crunch coming when Josh Frydenberg meets his COAG counterparts on August 10.
Forecasting income tax a decade into the future is a tricky proposition. AAP Image/Joel Carrett

The Coalition’s income tax cuts will help the rich more, but in a decade everyone pays more anyway

The income tax cuts in the 2018 federal budget are likely to be modestly regressive, giving high earners a lower share of the overall tax burden. But by 2028 income tax will be higher across the board.
Greens leader Richard Di Natale said with inequality rising, reinvestment in public services should be the priority. Lukas Coch/AAP

Don’t give anyone a tax cut: Greens

Instead, the funds should be spent on services, the Greens say.
Timing tricks help politicians avoid dealing with the substance of their policies. That isn’t going to change any time soon. Cindy Zhi

Government timing tricks hide the real budget story

It seems that timing tricks are now a thing in Australian politics. Revenues are brought forward and spending pushed back for cosmetic effect.
In this budget, it was vital for the government that it be seen to be fair dinkum about fiscal repair. Lukas Coch/AAP

Government pitches tax ‘relief’ in election-focused budget

The three part plan is the centrepiece of Tuesday night’s budget, which also brings forward by a year the forecast return to surplus and the peak of Australia’s net debt.

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