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Top 1pc would pay $400k more tax under Labor’s plan
If Labor’s proposed tax changes had been in place for the past 25 years, top earners would have lost tax breaks worth hundreds of thousands, according to Treasury secretary Jenny Wilkinson.
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theguardian.com
Albanese forges ahead with CGT and negative gearing plan while flagging possible business carve-outs
Labor’s pre-election promise of a $1,000 standard tax deduction and $250 ‘working Australians tax offset’ will be included in the draft laws
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smh.com.au
Nine in 10 young Australians to be better off under tax changes: Treasury data
But the top 1 per cent of income earners would lose about $400,000 worth of tax concessions over their lifetime, Treasury secretary Jenny Wilkinson revealed on Thursday.
