The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will benefit most young people, Treasury secretary says

Poor explanations of the budget’s tax changes have confused mum and dad traders across Australia, and senior ministers are worried about the political pain the government will…

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.

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…

Anthony Albanese says the point is to close loopholes that allow tax to be minimised, not create new ones.

The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will benefit most young people, Treasury secretary says