The Age
·general
·1 hour ago
Labor budget shifts wealth from investors to workers through tax changes
Australia's Labor government unveiled a budget redesigned to shift wealth from investors to workers and from older to younger generations. Treasurer Jim Chalmers announced tax relief for wage earners and a 30 percent minimum tax on trust distributions. The government hopes the Coalition's defense of investor interests will alienate the growing millennial electorate, which constitutes the electoral majority.
Summary by Glance · The Age
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