The third stage of the federal government’s income tax cuts package is slated to take effect from 1 July 2024. But Business Council of Australia (BCA) CEO Jennifer Westacott says the government should consider bringing forward the tax cuts in order to boost the economy and create jobs in the wake of the COVID-19 pandemic:
“Bringing forward stage three tax cuts will need to be carefully considered through the budget process but moves that see Australians keep more of their hard-earned income are good for workers, good for businesses and good for the economy”…
“We support any measures that put money back in people’s pockets, drive economic activity and let business do the heavy lifting on job creation as we recover”.
