Original article by Jacob Greber, Tom McIlroy, David Marin-Guzman
The Australian Financial Review – Page: 1 & 6 : 27-Apr-18
Labor intends to retain its policy of increasing the highest marginal tax rate by two per cent to 49 per cent, which it announced in 2017 after the Federal Government opted not to extend the temporary deficit levy. Shadow treasurer Chris Bowen says the Opposition is still of the view that it is inappropriate to limit tax relief to people on high incomes. Treasurer Scott Morrison says increasing the tax burden on high income-earners and business owners could impact on economic growth and the labour market.
AUSTRALIAN LABOR PARTY, AUSTRALIA. DEPT OF THE TREASURY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT