Chalmers says tax changes will ‘level the playing field’
All workers will get a $250 tax cut as part of the Federal Budget, funded by a raid on investment properties, trusts and other investments. In a Budget framed around inequity between older and younger Australians, the war in the Middle East and the nation’s lagging productivity, the government has outlined plans to overhaul the tax system and flagged the potential for extra tax cuts in coming years. “This will help rebalance a system which is more generous to assets than it is to labour and help rebalance a system where house prices have decoupled from incomes,” treasu