Connect with us

National

Australian federal budget 2020: Surprise Christmas tax cut in Budget – NEWS.com.au

Australian federal budget 2020: Surprise Christmas tax cut in Budget

Published

on

post featured image

Workers will secure a Christmas tax cut in Tuesday’s budget worth around $30 a week on average in a surprise move designed to help beat the COVID-19 recession.
News.com.au can reveal that the $1080 personal income tax cuts originally scheduled for 2022 will not only be backdated to this financial year but ‘turbocharged’ for the rest of the year to catch up on the missing weeks since July 1.
As soon as the Labor Party confirms it will vote for the fast-tracked tax cuts in parliament, the ATO wi…

Click here to view the original article.