WINNERS
SMALL TO MEDIUM-SIZED COMPANIES
Company tax rate cut for 870,000 companies with annual turnover less than $10 million; additional 90,000 small businesses can access tax concessions; among other measures
THOSE EARNING MORE THAN $80,000
Get a modest tax cut, through increasing second-highest tax bracket from $80,000 to $87,000
ALL BUSINESS, IN TIME
Company tax rate to fall from 30 pct to 25 per cent over next decade
AUSTRALIAN TAXATION OFFICE
Gets $679 million for a new task force to ensure multinationals, private companies and the super rich pay the right amount of tax
WORKING MUMS, LOW-INCOME EARNERS
Partners encouraged to top up low-income spouses' superannuation through extended eligibility to claim tax offset for contributions; allowing women and carers whose work has been interrupted to make catch-up super contributions.
LOSERS
ANYONE EARNING LESS THAN $80,000
Not even a modest tax cut for you. The government says you already benefited through the abolition of the carbon tax
MULTINATIONAL TAX DODGERS
So-called Google tax to penalise large multinationals that attempt to shift their Australian profits offshore to avoid paying tax
SMOKERS
Four annual 12.5 per cent increases in tobacco excise to lift price of packet of cigarettes to about $40 by 2020
THOSE WANTING PROPER TAX REFORM
The government's long-awaited tax plan amounts to changes rather than widespread reform
UNDECIDED
AUSTRALIA'S SUPER RICH
Get most of the benefit from tax threshold change, plus end of the budget repair levy in July 2017. But they lose out through reduced access to generous superannuation tax concessions for the most wealthy.
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