Joe Hockey to cut income taxes?

By Leith van Onselen

The Australian has published an article today claiming that Treasurer Joe Hockey will take cuts to personal income taxes to the next election:

Australia’s top tax rate is “way too high’’ and the taxation system is compounding the headache of bracket creep as a disincentive to earn, Joe Hockey has conceded as he gave his strongest indication yet he is “aiming’’ to take tax cuts to the election.

Ahead of a special federal and state leaders’ summit this week in Sydney on taxation and the federation, the Treasurer said tax reform was “absolutely essential’’…

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About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.