Personal income tax cuts worth $144 billion have passed federal parliament today

Personal income tax cuts worth $144 billion have passed federal parliament in a major victory for the Turnbull government.

Prime Minister Malcolm Turnbull during Question Time on Thursday.

انتصار سياسي كبير للحكومة Source: AAP

 

Personal income tax cuts worth $144 billion have passed federal parliament in a major victory for the Turnbull government.

Under the first of three stages in the plan, low and middle-income earners will get tax relief of up to $530 a year from July 1 with benefits for people earning up to $200,000 to come into place in 2024.

The entire package cleared the Senate today ((Thurs)) with the support of One Nation and Centre Alliance, while Labor, the Greens and independent Tim Storer opposed the plan.

 

 


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By Hachem El-Haddad
Source: SBS

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Personal income tax cuts worth $144 billion have passed federal parliament today | SBS Arabic