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Government urging that Australia follow US tax cuts

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Scott Morrison, left, and Mathias Cormann

Australian Federal Treasurer Scott Morrison (left) and Australian Finance Minister Mathias Cormann. (AAP Image/Lukas Coch) Source: AAP

There are calls for Australia to emulate the biggest overhaul of the United States' tax system in decades after it was passed by the US Congress today (Thursday). The almost $2 trillion package will cut taxes for businesses and wealthy Americans, with smaller cuts for middle- and low-income earners.

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By Andrea Nierhoff, Sopharany Hay

Source: SBS

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There are calls for Australia to emulate the biggest overhaul of the United States' tax system in decades after it was passed by the US Congress today (Thursday). The almost $2 trillion package will cut taxes for businesses and wealthy Americans, with smaller cuts for middle- and low-income earners.

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