Coalition’s tax cuts play straight into Labor’s hands

Advertisement

By Leith van Onselen

The Guardian’s Greg Jericho has done a good job dismantling the Turnbull Government’s 7-year plan to cut personal income taxes, which overwhelmingly favours the rich:

… in 2016, Scott Morrison took what was a pretty easy win on company tax cuts for small businesses and turned it into a fight on the ALP’s terms by including an unfunded and uncosted but clearly expensive proposal for tax cuts to begin eight years later for companies with a turnover above $1bn…

The full text of this article is available to MacroBusiness subscribers

$1 for your first month, then:
Cancel at any time through our billing provider, Stripe
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.