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Early tax cuts as stimulus – gender analysis

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Income tax Tax rates Taxation Economic stimulus Household finance Australia
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The COVID-19 pandemic has caused the biggest contraction in the Australian economy since the Australian Bureau of Statistics started estimating quarterly Gross Domestic Product in the 1950s. As the economy contracted, hundreds of thousands of people have lost their jobs. This is the time when the government needs prompt and well-targeted stimulus to reduce the economic damage.

One of the support measures Federal Treasurer, Josh Frydenberg, is considering is to bring forward the later stages of the government’s tax cut plan. The Treasurer has argued that bringing forward the tax cuts could stimulate the economy by increasing household spending.

This paper looks at how much of the benefit of bringing forward the tax cut goes to women and how much goes to men, based on two options for how the federal government might bring forward the tax cuts.

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