SMH
·general
·2 hours ago
Treasurer Chalmers introduces property tax reforms to aid younger Australians
Australian Treasurer Jim Chalmers delivered his fifth budget Wednesday, betting that property tax reforms will improve prospects for younger generations facing economic uncertainty. The budget forecasts hinge on Middle East stability, with oil prices and inflation varying wildly depending on geopolitical outcomes. Chalmers introduced a working Australians tax offset and wage earner deductions while attempting to preserve Australia's three-decade economic.
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