Tax Cuts Become Law After Senate Approval

For taxpayers, benefits will translate to savings of $268 in the first year and $536 in the year after that.
Tax Cuts Become Law After Senate Approval
Australian banknotes and a one dollar coin. Squirrel_photos/pixabay
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The Australian government’s proposed tax cuts have officially become law after the bill passed the Senate late on March 26.

Valued at $17.1 billion over four years, the tax plan aims to provide financial relief to taxpayers as the Labor government positions itself ahead of the upcoming federal election.

Naziya Alvi Rahman
Naziya Alvi Rahman
Author
Naziya Alvi Rahman is a Canberra-based journalist who covers political issues in Australia. She can be reached at [email protected].