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Government warned on delicate balancing act ahead of federal budget sweeteners

Government warned on delicate balancing act ahead of federal budget sweeteners

While the federal budget is set to announce further income tax cuts, tax experts have warned that the government should consider balancing short term approaches with long term structural tax reform ahead of a possible economic downturn.

by Shared by Accountants Daily | Apr 1, 2019

Government warned on delicate balancing act ahead of federal budget sweeteners

With $9 billion parked as “decisions taken but not yet announced” in its mid-year budget update, the government is set to deliver a range of sweeteners for individuals and small businesses ahead of a looming federal election in May.