After some years the Coalition’s proposals would cost $40 billion per year more than Labor’s, but by then Labor will have probably cut tax further too.
The Coalition has produced tables showing it would be offering bigger tax cuts in 2024.
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The government has set out the tax benefit people in particular occupations would get in the long term under its plan, while Labor has announced funding for pathology from its cancer package.
Congress designed a complicated tax system.
AP Photo/Keith Srakocic
Robert Breunig, Crawford School of Public Policy, Australian National University and Kristen Sobeck, Crawford School of Public Policy, Australian National University
Six years of Coalition government has had little impact on the tax system. It’s not clear whether a Labor government would be any different.
Much of what’s been promised would have had to happen anyway.
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The Labor Party has signalled that equality and fairness will form the centrepiece of its policy framework - but there will be challenges to that if it wins office in May.
Labor will provide a bigger tax refund than the Liberals for 3.6 million Australians.
Mick Tsikas/AAP
South Africa’s finance minister delivered a budget that tried to balance serving the public interest, while maintaining the stability of public finances.