Multinational companies that move profits offshore to avoid tax will be penalised under new measures in Australia's budget.
Treasurer Scott Morrison's first budget doubles as the government's sales pitch for an early election on 2 July. It also outlined a series of cuts that will take the company tax rate from 30% to 25% by 2026.
The budget also contained a small tax cut for Australians earning more than A$80,000 per year.
"This cannot be just another budget because these are extraordinary times," Mr Morrison said during his address to parliament.
"Australians have clearly said we must have an economic plan to make this period of transition a success."
The budget's measures were relatively modest and most were known in advance of the budget speech.
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