Government urging that Australia follow US tax cuts

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. (thur)

Australian Federal Treasurer Scott Morrison (left) and Australian Finance Minister Mathias Cormann Source: AAP

The almost $2 trillion (aust) package will cut taxes for businesses and wealthy Americans, with smaller cuts for middle- and low-income earners.