This paper proposes a targeted income tax cut for low-income workers by increasing the Low Income Tax Offset (LITO). The LITO is an automatic tax refund that low-income earners receive when they lodge their tax return. The paper reveals key beneficiaries would be young people and those in regional areas, with National Party electorates benefiting...

This report provides a comprehensive overview of tax reform trends, offering cross-country comparisons and tracking policy developments over time. This edition describes tax reforms implemented in 2024 across 86 jurisdictions, including all OECD countries. It finds that governments increasingly implemented reforms to raise revenues for specific spending needs – most notably linked to population ageing.

This paper argues election promises of cuts to income tax rarely offer meaningful tax reform and are usually quickly reversed by bracket creep. Pledges made ahead of the 2025 federal election should not be seen as structural tax reform propositions and highlight the need for real tax reform in the form of indexation of tax...

This policy platform identifies the Australian Labour Party priorities for the 2025 federal election. Policy areas include cost of living, tax reform and tax cuts, strengthening Medicare, housing supply and affordability, protecting the climate and environment, and growing the economy.

This paper estimates the effect of several business investment tax breaks (ITBs), including tax credits and instant asset write-offs, implemented over the past 15 years. The paper provides three key findings. A key takeaway is that ITBs can be effective tools for stimulating the economy during a downturn.