US EditionAustralia unveils unexpected tax cuts in pre-election budget
- The Australian government announced new tax cuts and budgetary relief worth A$17.1 billion to support Prime Minister Anthony Albanese's re-election efforts amid rising living costs and dissatisfaction among voters.
- Treasurer Jim Chalmers revealed tax cuts that include A$268 and A$536 reductions for workers with average earnings in the upcoming fiscal years, aiming to fight inflation and support households.
- The budget also allocates A$8.5 billion for public healthcare while recognizing the pressure of living costs on many Australians.
- Albanese's government aims to address voter dissatisfaction amidst rising living costs and election competition against the Conservative Coalition.
55 Articles
55 Articles
Australia government unveils income tax cuts for 2026-27
The Australian government announced two additional personal income tax cuts set for 2026 and 2027. Australia's 2025 federal budget, released March 25th, outlines significant income tax cuts: a reduction from 16% to 15% by July 1, 2026
Australian government seeks to woo voters with surprise tax cuts
Australia's government launched fresh tax cuts on Tuesday and announced other cost-of-living relief in a major push to win back disgruntled voters, tipping the budget back into the red. Prime Minister Anthony Albanese's center-left government is seeking to win a second term in a May election and is running neck-and-neck…
Australia announces surprise tax cuts as PM Albanese tries to win back voters ahead of polls
With a possible election just days away, Treasurer Jim Chalmers is working to regain support from voters frustrated by soaring living costs, high interest rates, and a persistent housing shortage in the post-COVID era
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