Treasurer Joe Hockey is expected to announce this morning that the Federal Government is ditching a range of Labor's proposed tax changes. The Government has set itself a December deadline to resolve uncertainty over tax and superannuation policies dating back to 2001. Of dozens of unlegislated proposals, Mr Hockey is expected to announce that the Government will keep 18 and consult on whether to ditch the rest. Seven policies will definitely be dumped, including Labor's proposed fringe benefits tax changes for the car industry, tax on superannuation pensions and changes to thin capitalisation. It is understood the Coalition is planning to keep Labor's planned slug on cigarettes in a hike that will see an increase to excise not just once, but four times over the next four years. More » |
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