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Briefing paper

Radical plan to increase inequality in Australia revealed in budget

Taxation Income tax Weather Australia

The centrepiece of the budget is an enormous income tax cut over seven years. This is unusual because the budget papers only show the impacts of policy changes over four years. What is also unusual is that the big parts of the tax cuts start in the fifth year, just outside the budget’s forward estimates and therefore the real impacts of these tax cuts are hidden from public view.

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