Australian Treasurer Josh Frydenberg proposed in April A$158 billion ($110 billion) in tax cuts over the next decade, primarily aimed at middle-income earners. That was on top of tax cuts of A$144 billion last year. About 10 million middle- and low-income earners will receive a rebate worth up to A$1,080 per person should the legislation pass this week. The successful passage of the tax cuts would also mark a major legislative victory for Morrison, with the tax plan the centerpiece of his re-election campaign. Morrison said after retaining power in May, in what he described as a “miracle,” that the tax legislation was his government’s priority.

Source: National Post July 02, 2019 06:33 UTC