Original article by Phillip Coorey
The Australian Financial Review – Page: Online : 26-Mar-25

Shadow treasurer Angus Taylor has accused the federal election of an election bribe after it used the 2025 budget to announce a tax cut. The cut will see the 16 per cent tax rate, which applies to workers earning between $18,201 and $45,000, reduced to 15 per cent from 1 July 2026, with the rate then being cut to 14 per cent from 1 July 2027; all up, the cuts will save workers in that earning bracket $536 a year and will be worth $17.1 billion over five years. Taylor said the Opposition would not support the proposed tax cuts, while the budget forecasts a deficit of $27.6 billion for this financial year, increasing to $42 billion in 2025-26.

CORPORATES