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Coalition to propose permanent end to tax bracket creep
Key takeaways
- Opposition Leader Angus Taylor wants to permanently end tax "bracket creep".
- The Coalition will announce a plan to automatically index income tax brackets to inflation, setting up a major economic fight with Labor two years out from the election.
- Under a future Coalition government, the indexation of income tax would be introduced in stages, starting with the lower brackets.
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Opposition Leader Angus Taylor wants to permanently end tax "bracket creep". (ABC News: Matt Roberts)
The Coalition will announce a plan to automatically index income tax brackets to inflation, setting up a major economic fight with Labor two years out from the election.
Under a future Coalition government, the indexation of income tax would be introduced in stages, starting with the lower brackets.
Article preview — originally published by ABC Australia. Full story at the source.
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