Report

The impact of penalty rate cuts on personal tax revenue and welfare

Publisher
Taxation Welfare state Wages Australia
Description

Overview

Research from the Australia institute has calculated the impact of the recent Fair Work Commission decision to cut penalty rates on the Commonwealth Budget.

The paper from Richard Denniss, Chief Economist at The Australia Institute, found reduced income tax collection from lower wages as well as greater welfare assistance for low income earners is, based on conservative assumptions, estimated to cost the budget bottom line $650 million over 4 years.

Publication Details
Access Rights Type:
open