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  • Tax mix to rely more heavily on income tax as the Treasurer ducks austerity

Tax mix to rely more heavily on income tax as the Treasurer ducks austerity

The Australian economy is predicted to grow “slower than previously thought” over the next 40 years, as the nation grapples with a tax mix that relies heavily on income tax despite an ageing population.

by | 29 Jun, 2021

How are lenders responding to latest rate cut?

The federal government on Monday released its 2021 Intergenerational Report (IGR), the fifth of its kind, which forecast slowed growth for the Australian economy over the next 40 years as Australia’s population ages, and puts pressure on federal deficit repayment.

Read more at the Accountants Daily. 

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