Labor to have higher tax burden but bigger surpluses, says Bowen

Original article by Phillip Coorey
The Australian Financial Review – Page: 4 : 10-Apr-19

Shadow treasurer Chris Bowen will use his Budget reply speech on 10 April to argue that the federal government could not deliver on its tax cuts package while retaining a surplus over the next decade. He will state that the government’s projected surpluses in coming years are based on spending cuts elsewhere in the Budget starting in the 2023-24 financial year. Bowen will also note that tax revenue would be higher under a Labor government, but it would still be low compared to other OECD nations and some previous Coalition governments.

CORPORATES
AUSTRALIAN LABOR PARTY, ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT, KPMG AUSTRALIA PTY LTD

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