By chief political correspondent Emma Griffiths, staff Treasurer Joe Hockey says the Government will ditch or change tax measures proposed by the previous Labor government at a cost of $3.1 billion to the budget, including a contentious cap on self-education expenses. The Government has set itself a December 1 deadline to resolve uncertainty over dozens of tax and superannuation policies dating back to 2001. Of 92 announced but unlegislated proposals, Mr Hockey says the Government will keep 18, amend three and dump seven. The remaining 64 will be the subject of consultation about whether to cancel or keep them, "with a disposition not to proceed". As previously announced, the Coalition is dropping Labor's proposed fringe benefits tax changes for the car industry. More » |
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