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More AU income tax cuts on the cards as budget, economy strengthen

From abc.net.au

A stronger budget and higher-than-projected economic growth fuelled by soaring iron ore prices could pave the way for further tax cuts ahead of the next federal election, says a leading economic forecaster. Analysis by Deloitte Access Economics shows workers will lose on average 20 cents in every dollar to the taxman by 2021-22. It said this would be the second-highest amount in the nation's history, only behind the 1999-2000 financial year, just before the Howard government delivered income tax cuts to compensate for the introduction of the 10 per cent goods and services tax (GST). "That suggests we haven't heard ... (full story)

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