SMH
·general
·2 hours ago
Surprise tax handout on cards for all workers despite inflation risks
Australia's government plans a surprise tax handout of $200-$300 per worker in next week's federal budget despite inflation concerns. Treasurer Jim Chalmers is designing an "earned income offset" for salary earners, funded by new taxes on investment income and trusts. The move risks stoking inflation as the Reserve Bank fights price pressures, drawing opposition criticism that stimulus undermines economic stability.
Summary by Glance · SMH
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