The eve of Australia Day brought the announcement of progressive tax rate changes as summarised by Lowe Lippmann-Chartered Accountants and Business Advisors. The long delay in implementing these tax changes was a painful but politically strategic move. The MYEFO statement from December 2023 offered that capacity to review Stage 3 Tax changes with a high degree of popular support. Labor’s alternative costings could be part of a very credible election campaign strategy for 16 March 2024. This year’s BCC election is a test of Labor grassroots agendas for responsible changes in the revenue base and service delivery options.

Source: The Guardian January 29, 2024 13:23 UTC