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Prime Minister Anthony Albanese was asked a number of times on Monday if he will be taking any new tax changes to the federal election, but he declined to reveal if he has any plans to do so.
Albanese’s refusal comes as Treasury expects that income taxes will comprise 52% of total tax receipts in 2024-25, despite the recent stage three tax cuts.
Chart from The Australian
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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.