Posts tagged "stage three tax cuts"

Tradies, hairdressers, nurses and politicians could miss out on a tax break if the federal government backflips on, or rethinks, the scheduled Stage 3 tax cuts, as the Treasurer flags "difficult decisions" must be made in this month's federal budget in light of a looming global recession.

Ditching the stage three tax cuts would be a disaster for Labor and a welcome fillip for a divided opposition.

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.