Both sides dig in for battle over top tax rate

Original article by Phillip Coorey, Laura Tingle
The Australian Financial Review – Page: 4 : 1-Jun-17

Opposition Leader Bill Shorten will reiterate his party’s stance on increasing the Medicare levy in an address to the Committee for Economic Development of Australia summit. Labor wants the income threshold for the 0.5 per cent increase in the levy to be set at $A87,000, rather than being applied to all income-earners. Shorten will also defend Labor’s own increase in the levy in 2013, arguing that there was strong growth in wages at the time, while there had also been a recent increase in the tax-free threshold.

CORPORATES
AUSTRALIAN LABOR PARTY, COMMITTEE FOR ECONOMIC DEVELOPMENT OF AUSTRALIA, AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET, AUSTRALIA. DEPT OF THE TREASURY

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