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Budget 2016-17: 'Substantial' tax changes expected

Treasurer Morrison(left) and PM Turnbull
Treasurer Morrison(left) and PM Turnbull Source: AAP

Prime Minister Malcolm Turnbull says 'substantial tax reform' can be expected in tomorrow night's budget as MP's prepare for an election to likely be called at the end of this week.


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By Yang J. Joo, Sophia Hong

Source: SBS



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Prime Minister Malcolm Turnbull says 'substantial tax reform' can be expected in tomorrow night's budget as MP's prepare for an election to likely be called at the end of this week.


The Prime Minister Malcolm Turnbull says Tuesday's budget will be more important than most.

 

Federal MPs are back in Canberra to hear Treasurer Scott Morrison deliver his first budget on Tuesday.

 

It's expected to be the final week of Parliament before Prime MinisterTurnbull could call a double dissolution election.

 

Speaking to Sky News, Malcolm Turnbull says that this budget is submitting a new agenda, it is not Tony Abbott's plan, instead, describing it as a critically important economic document.

 

"There is substantial tax reform changes in the budget and yes we will be going to an election on the 2nd of July, so that will go to the election unless the measures are passed before the houses are dissolved which may be the case in some respects, we'll seek to do that."

 

 


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