Spouse tax offset to go with Labor support

The opposition will help the government pass another stalled 2014 budget measure, the dependent spouse tax offset, saving $300 million over four years.

Labor will agree to helping the government pass another 2014 budget measure, this time dumping a tax break for those with spouses who don't work.

The dependent spouse tax offset, which when abolished will save about $300 million over four years, has been stalled in the senate since last year.

But the opposition will support getting rid of it, as well as stopping a legislated increase in the tax-free threshold, the Financial Review reported on Tuesday.


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Source: AAP


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