On Tuesday the Reserve Bank of Australia lifted the official cash rate to an 11-year high of 3.85 per cent. The last time Australia experienced a similarly aggressive tightening of monetary policy was also when Ray Price or Mr Perpetual Motion led the Paramatta Eels to a Premiership. Incidentally, this remains their most recent Premiership… Continue reading Time to leave the table.
Tag: 2023 Budget
Goodbye Low- & Middle-Income Tax Offset
This week we found out that more than 10 million Australians are facing a large tax rise. The tax hike comes from the removal of the Low- and Middle-Income Tax Offset (LMITO), which last year gave those with a taxable income of less than $126,000 tax relief of up to $1,500. The LMITO was paid… Continue reading Goodbye Low- & Middle-Income Tax Offset
Labor considering a gas tax hike
Perhaps the federal government has identified a shift in public sentiment, as it is likely that they will impose a tax on the windfall profits of gas producers during the May budget. Which speaks to how confident the Albanese government is in its popularity within the electorate, considering the scarring from the Mining Tax experience… Continue reading Labor considering a gas tax hike