Posts tagged "personal income tax cuts"

The strategy involves deferring declaring income in your personal name, quarantining it in a company environment, and then declaring income after the tax rates become more beneficial for individuals in 2024.

Legislation for the new asset write-off scheme, as well as personal income tax cuts, passed through parliament without amendments on Friday. 

More than 11 million Australians will get a backdated tax cut, and superannuation accounts will now follow employees from job to job.

Overwhelmingly, Australia’s leading economists want the budget to boost social housing and the JobSeeker unemployment benefit.

Opposition leader Bill Shorten has launched a tax bidding war, promising to top the government’s tax relief for lower and middle income earners.

Cutting personal income taxes seems likely to provide much more of a boost to the Australian economy than cutting company tax.