Profile picture of ABC
If we taxed land properly, we'd have billions of extra dollars to fund big tax cuts elsewhere. So why don't we do it?
abc.net.au/news/2024-03-24/tax-land-properly-27-billion-in-tax-revenue-prosper-australia/103623806
If we taxed land properly, we'd have billions of extra dollars to fund big ...
Profile picture of The Spinoff
Chris Hipkins might just be the one to make a wealth tax work for Labour: After ruling out a number of taxes at the last election, the Labour leader now says all ...
thespinoff.co.nz/politics/26-03-2024/chris-hipkins-might-just-be-the-one-to-make-a-wealth-tax-work-for-labour
Chris Hipkins might just be the one to make a wealth tax work for Labour
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Profit Smoothing: What Farmers Need to Know Now: The federal government wants to reintroduce tariff smoothing. We answer what you need to know in our FAQ.
topagrar.com/betriebsleitung/news/gewinnglaettung-was-landwirte-jetzt-wissen-muessen-20001712.html
Profit Smoothing: What Farmers Need to Know Now
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HMRC’s bill looks like a scam, but it’s impossible to check: I can’t find a way to sort out an overdue tax demand, for a sum I don’t think I owe ...
theguardian.com/money/2024/mar/25/hmrcs-bill-looks-like-a-scam-but-its-impossible-to-check
HMRC’s bill looks like a scam, but it’s impossible to check
Profile picture of The Age
The expert case for the government to go beyond stage 3 tax cuts: The stage 3 tax cuts start on July 1, but experts say Treasurer Jim Chalmers should go further ...
theage.com.au/politics/federal/the-expert-case-for-the-government-to-go-beyond-stage-3-tax-cuts-20240322-p5fegk.html
The expert case for the government to go beyond stage 3 tax cuts
Profile picture of The Rio Times
Brazil’s Tax Reform Sparks Legal Firestorm: In Brazil, 495 companies are contesting Finance Minister Fernando Haddad's tax reform ...
riotimesonline.com/brazils-tax-reform-sparks-legal-firestorm/
Brazil’s Tax Reform Sparks Legal Firestorm
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IMF wants govt to remove tax exemptions on Saccos : In 2017, government introduced amendments to the Income Tax Act to exempt Saccos from taxes for 10 years ...
monitor.co.ug/uganda/business/markets/imf-wants-govt-to-remove-tax-exemptions-on-saccos--4567822
IMF wants govt to remove tax exemptions on Saccos 
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Growth Opportunities Act: A big step for the traffic light, a small step for the country
wiwo.de/politik/deutschland/wachstumschancengesetz-ein-grosser-schritt-fuer-die-ampel-ein-kleiner-fuers-land/29721108.html
Growth Opportunities Act: A big step for the traffic light ...
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Government approaches farmers: tariff smoothing is coming back: The tariff smoothing should come as part of the compensation package for the phase-out of ...
topagrar.com/betriebsleitung/news/regierung-geht-auf-landwirte-zu-tarifglaettung-kommt-zurueck-20001568.html
Government approaches farmers: tariff smoothing is coming back
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Nearly 3 Million Will Have Taxes Raised Under New Plan: President Joe Biden's plan also targets corporate tax reforms and closes investment income loopholes ...
newsweek.com/biden-budget-tax-hike-wealthy-deficit-reduction-1878074
Nearly 3 Million Will Have Taxes Raised Under New Plan
Quick Glance: Biden's Budget Proposal: Family Tax Breaks, Cheaper Health Care, More
  • President Joe Biden's budget proposal for fiscal 2025 includes tax breaks for families, lower health care costs, smaller deficits, and higher taxes on the wealthy and corporations.

  • The budget aims to reduce deficits by $3 trillion over a decade and increase tax revenues by a total of $4.9 trillion.

  • Proposals include increased child tax credits, tax credits for homebuyers, higher corporate taxes, and a 25% minimum tax for billionaires.

  • The budget plan focuses on helping families cope with inflation while providing funding for defense, healthcare, education, and more.
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Healey political arm releases ad boasting tax relief: The 30-second ad, which will run on sites including YouTube and Hulu starting Monday ...
bostonglobe.com/2024/03/18/metro/healey-tax-relief-political-ad/
Healey political arm releases ad boasting tax relief
Profile picture of The Rio Times
Brazil’s Industrial Goods Face a Tax Burden 28 Times Europe’s Rate: Febrafite, the esteemed national association of state tax auditors in Brazil ...
riotimesonline.com/brazil-faces-a-tax-load-28-times-europes-rate/
Brazil’s Industrial Goods Face a Tax Burden 28 Times Europe’s Rate
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Treasury banks on tax policy reforms to increase revenues: CS Ndung’u says country needs tax system that optimises collection and reduces expenditure.
standardmedia.co.ke/business/business/article/2001491149/treasury-banks-on-tax-policy-reforms-to-increase-revenues
Treasury banks on tax policy reforms to increase revenues
Quick Glance: Biden's Billionaire Tax Proposal: Expert Insights
  • President Joe Biden praised U.S. economic performance in his State of the Union Address and emphasized the importance of raising taxes for the wealthy and corporations.

  • Economists applaud proposals to increase corporate and billionaire taxes as potential revenue sources to tackle the U.S. debt crisis.

  • The proposed tax credit for first-time homebuyers received approval, but doubts linger about its significant impact.

  • Experts express concerns about the potential impact of corporations relocating due to the proposed tax hikes.
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Use our Child Benefit calculator to see how much you will save: The Chancellor announced changes to Child Benefit in his Budget speech
liverpoolecho.co.uk/news/liverpool-news/use-child-benefit-calculator-see-28779122
Use our Child Benefit calculator to see how much you will save
Profile picture of The Rio Times
El Salvador’s Bold Tax Reforms Under Bukele: In a new development, El Salvador has taken decisive steps to revitalize its economy and attract global investors.
riotimesonline.com/el-salvadors-bold-tax-reforms-under-bukele/
El Salvador’s Bold Tax Reforms Under Bukele
Profile picture of The Rio Times
Transforming America: Biden’s $7.3 Trillion Proposal: President Joe Biden has revealed a bold $7.3 trillion plan for 2025 and aims to reshape the U.S ...
riotimesonline.com/transforming-america-bidens-7-3-trillion-proposal/
Transforming America: Biden’s $7.3 Trillion Proposal
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Concern about the amount of property tax: In the next step, treasurers calculate assessment rates
pnp.de/lokales/stadt-und-landkreis-passau/sorge-um-hoehe-der-grundsteuer-kaemmereien-kalkulieren-im-naechsten-schritt-hebesaetze-15631810
Concern about the amount of property tax: In the next step ...
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Small business groups launch campaign on labour costs: ISME, the small and medium enterprise association, and a number of other trade organisations have launched ...
rte.ie/news/business/2024/0312/1437322-labour-costs/
Small business groups launch campaign on labour costs
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Midlands Voices: Nebraskans need tax reform, not a tax hike: Nebraska lawmakers need to cut property taxes by limiting spending, not by raising other taxes ...
omaha.com/opinion/column/midlands-voices-nebraskans-need-tax-reform-not-a-tax-hike/article_d1d5f8f8-ddca-11ee-86f9-9fe49f50fcf4.html
Midlands Voices: Nebraskans need tax reform, not a tax hike
Profile picture of The Age
Contrary to appearances, the stage 3 tax cuts will leave us worse off: The stage 3 tax cuts always were irresponsible, and still are. They’ve caused interest ...
theage.com.au/business/the-economy/contrary-to-appearances-the-stage-3-tax-cuts-will-leave-us-worse-off-20240303-p5f9dk.html
Contrary to appearances, the stage 3 tax cuts will leave us worse off
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Bosses could be fined for contacting workers outside of work hours under one of the big changes up for debate this week. Full story: bit.ly/49H8fsf
Quick Glance: Maximized Tax Cuts for Magic Income
  • The Coalition emphasizes the need to appreciate their tax reforms as a whole, with stages 1 and 2 focusing on low-income earners and stage 3 on encouraging aspirations.

  • As per the prime minister's press release introducing the revised plan, these new tax cuts are intended to provide larger tax cuts for the middle population of Australia.

  • The ANU data indicates that under the revised plan, the highest percentage return will be received by those with a taxable income of $135,000 per year.

  • Under the Coalition's original plan, the highest percentage gain goes to the highest earners, with those at $200,000 set to receive a tax cut of 5.8% of their income or $11,640.
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Finance Minister Lindner wants to abolish the solidarity surcharge: German companies should become more competitive. To this end, the government is also ...
zdf.de/nachrichten/politik/deutschland/lindner-vorschlag-abschaffung-solidaritaetszuschlag-100.html
Finance Minister Lindner wants to abolish the solidarity surcharge
Quick Glance: Dispute over Corporate Taxes: Habeck vs. Lindner
  • Habeck and Lindner dispute over tax relief for companies

  • Economic Minister Habeck seeks to discuss tax relief for companies with Finance Minister Lindner
Profile picture of ABC
Australia's tax system is worse than it was 15 years ago, and young people are paying the price, Ken Henry says
abc.net.au/news/2024-02-15/ken-henry-australias-tax-system-in-worse-position-after-15-years/103465044
Australia's tax system is worse than it was 15 years ago, and young people ...
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Nemesis reminds us everyone has choices. And the stage 3 tax cuts debate heard the message
abc.net.au/news/2024-02-10/nemesis-stage-3-tax-cuts-choices/103449816
Nemesis reminds us everyone has choices. And the stage 3 tax cuts debate ...
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Kate Chaney says Liberals haven’t learnt their lesson as she gears up for second election
theage.com.au/politics/federal/liberals-haven-t-learnt-their-lesson-in-moderate-seats-chaney-20240307-p5faq1.html
Kate Chaney says Liberals haven’t learnt their lesson as she gears up for ...
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Congress opening speech: Milei promises to criminalize monetary emission and strip collective bargaining power
buenosairesherald.com/politics/congress-opening-speech-javier-milei-pacto-de-mayo
Congress opening speech: Milei promises to criminalize monetary emission ...
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Prime Minister Anthony Albanese leaves door open to stage 3 tax cut negotiation with Greens
abc.net.au/news/2024-01-26/finance-minister-calls-on-senate-to-back-tax-cut-changes/103392414
Prime Minister Anthony Albanese leaves door open to stage 3 tax cut ...
Quick Glance: Tax Reform: Increased Cuts up to $150k
  • The original package provided a tax cut of $1875 per year for workers earning $120,000, but a more generous benefit of $9075 per year for workers earning $200,000.

  • The changes address criticism from the Greens and progressive think tanks that $9.1 billion of the $20.7 billion in benefits would go to workers earning over $180,000 a year.

  • Shadow treasurer Angus Taylor stated that the Coalition would 'absolutely not' accept any changes to stage 3, as voters were promised the tax cuts in the form set in law.

  • The nation’s top employers issued a strong warning against changing stage 3 tax cuts due to the risk to the economy and damage to trust in the government.
Profile picture of Buenos Aires Herald
Congress opening speech: Milei promises to criminalize monetary emission and strip collective bargaining power
buenosairesherald.com/politics/congress-opening-speech-javier-milei-pacto-de-mayo
Congress opening speech: Milei promises to criminalize monetary emission ...
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Former Canadian PM Brian Mulroney, driver of US free trade deal, dies at 84 | Mint
livemint.com/news/world/former-canadian-pm-brian-mulroney-driver-of-us-free-trade-deal-dies-at-84-11709253592088.html
Former Canadian PM Brian Mulroney, driver of US free trade deal ...
Quick Glance: Canada's Divisive PM Brian Mulroney Dies at 84
  • In 1984, Martin Brian Mulroney was either loved or hated as he received Canada's largest majority mandate in history.

  • Mulroney struggled with low approval and hostile reactions to his reform attempts despite initial support.

  • Even after his resignation, suspicions surrounded Mulroney, especially concerning Airbus jets, impacting his legacy.

  • Mulroney's political legacy includes controversial decisions like free trade and introducing the Goods and Services Tax that shaped the country.
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Australia's ageing population set to challenge reliance on workers' wages: Workers shoulder the burden of paying for the things we want: schools ...
abc.net.au/news/2024-02-12/tax-reform-unavoidable-income-tax-workers-ageing-population/103445138
Australia's ageing population set to challenge reliance on workers' wages
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What Biden’s second term would look like, with and without MAGA obstruction: Two paths for Biden’s future.
washingtonpost.com/opinions/2024/02/08/biden-second-term-obstruction/
What Biden’s second term would look like, with and without MAGA ...
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The chancellor's choice between National Insurance and income tax cuts: ITV's Political Editor Robert Peston explains the benefits of a cut to National Insurance ...
itv.com/news/2024-03-05/the-chancellors-choice-between-national-insurance-and-income-tax-cuts
The chancellor's choice between National Insurance and income tax cuts
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Can these economists turn things around for Australia's betrayed generations?: Professor Ross Garnaut says Australia's economy experienced a "lost decade" from ...
abc.net.au/news/2024-02-18/can-these-economists-turn-things-around-for-younger-australians/103480052
Can these economists turn things around for Australia's betrayed ...
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SST for electricity above 600 kWh to increase from 8% on March 1 – EV charging to cost more in Malaysia?
paultan.org/2024/02/29/sst-for-electricity-above-600-kwh-to-increase-from-8-on-march-1-ev-charging-to-cost-more-in-malaysia/
SST for electricity above 600 kWh to increase from 8% on March 1 – EV ...
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Where does the middle class pay the highest and lowest tax in Europe?: The tax burden on the middle class differs across the EU, as well as across the different ...
euronews.com/business/2024/03/01/where-does-the-middle-class-pay-the-highest-and-lowest-tax-in-europe
Where does the middle class pay the highest and lowest tax in Europe?
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Why 14 million Australians should forgive Albanese’s broken promise: If you can enact a tax reform that improves both equality and efficiency ...
smh.com.au/politics/federal/why-14-million-australians-should-forgive-albanese-s-broken-promise-20240124-p5ezqa.html
Why 14 million Australians should forgive Albanese’s broken promise
Quick Glance: Tax Relief: Government Reduces High-end Tax Rates
  • The government reduces stage 3 tax cuts for high earners and grants broad tax relief of up to $804.

  • Changes to stage 3 tax cuts are made by the Albanese government due to changing economic circumstances.

  • In addition to changes in tax rates and thresholds, the government will exempt some low-income individuals from the 2% Medicare levy.

  • The stage 3 changes constitute a clear broken promise - the government insisted as recently as Monday that it had not changed its commitment to the Coalition-era cuts.
Profile picture of Paul Tan's Automotive News
SST for electricity above 600 kWh to increase from 8% on March 1 – EV charging to cost more in Malaysia?
paultan.org/2024/02/29/sst-for-electricity-above-600-kwh-to-increase-from-8-on-march-1-ev-charging-to-cost-more-in-malaysia/
SST for electricity above 600 kWh to increase from 8% on March 1 – EV ...
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‘Act on tax and housing’: 59 per cent of voters back case for change: A clear majority of voters back the case for tax reform that can help young Australians buy ...
theage.com.au/politics/federal/act-on-tax-and-housing-59-per-cent-of-voters-back-case-for-change-20240226-p5f7qr.html
‘Act on tax and housing’: 59 per cent of voters back case for change
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Australia news LIVE: Labor tries to justify breaking stage 3 tax cuts promise; Calls for Australia to act as PNG discusses China security deal
smh.com.au/national/australia-news-live-labor-tries-to-justify-breaking-stage-3-tax-cuts-promise-calls-for-australia-to-act-as-png-discusses-china-security-deal-20240129-p5f0xm.html
Australia news LIVE: Labor tries to justify breaking stage 3 tax cuts ...
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In Maryland, who pays their ‘fair share’ for government? | STAFF COMMENTARY: Shifting a greater share of Maryland's tax burden to the affluent and big ...
baltimoresun.com/2024/02/27/maryland-debates-fair-taxation/
In Maryland, who pays their ‘fair share’ for government? | STAFF ...
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Tax classes: What the planned tax reform means for married couples: The Ministry of Finance wants to abolish tax classes III and V, which are popular with ...
handelsblatt.com/politik/deutschland/steuerklassen-was-die-geplante-steuerreform-fuer-eheleute-bedeutet/100018723.html
Tax classes: What the planned tax reform means for married couples
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Nearly 11m Aussies to get bigger tax cut: Labor’s overhauled stage 3 tax cuts have sailed through the parliament, guaranteeing taxpayers additional relief come ...
news.com.au/finance/money/tax/stage-3-tax-cuts-rejig-sails-through-parliament-with-relief-set-from-july-1/news-story/90469f4ff3d20b14a0eee45f91a7d4cd
Nearly 11m Aussies to get bigger tax cut
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Two tax classes before the end: This is what married couples should know: The Federal Ministry of Finance is working on a tax reform: two tax brackets that are ...
haller-kreisblatt.de/ueberregional/wirtschaft/23791414_Reform-der-Steuerklassen-Was-sich-aendern-soll.html
Two tax classes before the end: This is what married couples should know
Profile picture of The Local
Does marriage make financial sense in Switzerland?: Thinking of taking the plunge in Switzerland? Here are some important things to consider.
thelocal.ch/20220106/does-marriage-make-financial-sense-in-switzerland/
Does marriage make financial sense in Switzerland?
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Seamus Coffey: Meant to be a target of global tax reform, Ireland has instead been a big beneficiary
irishexaminer.com/business/economy/arid-41334436.html
Seamus Coffey: Meant to be a target of global tax reform, Ireland has ...
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Tax return: Ampel wants to abolish tax classes 3 and 5: Tax classes 3 and 5, which are used by many married couples, are to be abolished. What this means.
saechsische.de/wirtschaft/finanzen/steuern/finanzministerium-arbeitet-an-reform-zur-abschaffung-von-steuerklassen-5968988.html
Tax return: Ampel wants to abolish tax classes 3 and 5
Quick Glance: Married Couples Affected: New Regulation Planned for Tax Classes
  • A reform aims to abolish tax classes 3 and 5.

  • The factor method will be utilized in tax class 4.

  • The objective is a fairer allocation of tax benefits.

  • Implementation depends on legislation and IT tasks.
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The Growth Delusion: By drastically scaling back on investment policies, Labour’s promise of faster economic growth is a fantasy ...
tribunemag.co.uk/2023/12/the-growth-delusion-2/
The Growth Delusion
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Ministry is working on abolishing tax classes 3 and 5: The aim is to ensure that the tax-reducing effect of the splitting procedure is already taken into account ...
nw.de/nachrichten/wirtschaft/23789435_Ministerium-arbeitet-an-Abschaffung-von-Steuerklassen-3-und-5.html
Ministry is working on abolishing tax classes 3 and 5
Profile picture of The Sydney Morning Herald
How top earners kid themselves (and us) they’re overtaxed: Don’t let the rich guys’ talk of high taxes fool you into believing Australia is a high-tax country.
smh.com.au/business/the-economy/how-top-earners-kid-themselves-and-us-they-re-overtaxed-20240222-p5f76b.html
How top earners kid themselves (and us) they’re overtaxed
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Polish SUVs and Imported Cars in the Crosshairs: Major Tax Changes to Line EU's Pockets
polanddaily24.com/polish-suvs-and-imported-cars-in-the-crosshairs-major-tax-changes-to-line-eus-pockets/politics/37158
Polish SUVs and Imported Cars in the Crosshairs: Major Tax Changes to Line ...
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Seamus Coffey: Meant to be a target of global tax reform, Ireland has instead been a big beneficiary
irishexaminer.com/business/economy/arid-41334436.html
Seamus Coffey: Meant to be a target of global tax reform, Ireland has ...
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Cyprus delays 15% tax on multinationals: Cyprus has yet to enforce the new EU rules introducing a minimum effective tax rate of 15% for multinational ...
ekathimerini.com/economy/1232323/cyprus-delays-15-tax-on-multinationals/
Cyprus delays 15% tax on multinationals
Profile picture of ABC
Peter Dutton took the 'least bad option' on stage 3 cuts, but now he's talking a big game on election policies
abc.net.au/news/2024-02-08/stage-3-tax-cuts-dutton-election-policies/103438856
Peter Dutton took the 'least bad option' on stage 3 cuts, but now he's ...
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Switzerland moves to scrap unfair tax on married couples: Married couples are currently penalised by the tax code in Switzerland.
swissinfo.ch/eng/swiss-politics/switzerland-moves-to-scrap-unfair-tax-on-married-couples/72856164
Switzerland moves to scrap unfair tax on married couples
Profile picture of The Age
Why fixing negative gearing would be a positive for our kids: Real estate agents and home building companies always claim getting rid of the tax lurk would do ...
theage.com.au/business/the-economy/why-fixing-negative-gearing-would-be-a-positive-for-our-kids-20240220-p5f6c5.html
Why fixing negative gearing would be a positive for our kids
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Expert outlines tax reform: tax heirs, but not assets: Wifo economist Margit Schratzenstaller, who specializes in public finances, outlines a tax reform that ...
sn.at/politik/innenpolitik/expertin-steuerreform-erben-vermoegen-153743122
Expert outlines tax reform: tax heirs, but not assets
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German economy minister suggests corporate tax reform - Welt am Sonntag: German Economy Minister Robert Habeck has floated the idea of a reform of the country's ...
reuters.com/markets/europe/german-economy-minister-suggests-corporate-tax-reform-welt-am-sonntag-2024-02-04/
German economy minister suggests corporate tax reform - Welt am Sonntag
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Iowa Republicans advancing competing tax reform proposals: Governor’s bill would accelerate income tax reductions to a flat 3.9 percent, while lawmakers’ bill ...
thegazette.com/state-government/iowa-republicans-advancing-competing-tax-reform-proposals/
Iowa Republicans advancing competing tax reform proposals
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Hurry up and tax Google, Apple, EU urges the world: Bloc to tell the G20 that the time has come to push through tax overhaul.
politico.eu/article/hurry-up-and-tax-google-apple-eu-urges-the-world/
Hurry up and tax Google, Apple, EU urges the world
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Nigeria lost N17 trillion to tax waivers in five years – Senate Committee: The Senate committee urged the federal government to consider a rebate system as an ...
premiumtimesng.com/news/top-news/669855-nigeria-lost-n17-trillion-to-tax-waivers-in-five-years-senate-committee.html
Nigeria lost N17 trillion to tax waivers in five years – Senate Committee
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Herbert's View: America and its gun laws. Illustrator: Megan Herbert. Read the letters to the editor here: tinyurl.com/26jst7zd
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German farmers converge on Berlin to protest higher taxes: Some 3,000 tractors, 2,000 trucks and an estimated 10,000 people crammed the avenue leading to ...
abc.net.au/news/2024-01-15/german-farmers-rally-in-berlin-taxes-protest/103322926
German farmers converge on Berlin to protest higher taxes
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Dan Rodricks: Maryland legislators need to close a tax loophole that protects corporate profits | STAFF COMMENTARY
baltimoresun.com/2024/02/16/dan-rodricks-maryland-tax-reform/
Dan Rodricks: Maryland legislators need to close a tax loophole that ...
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Comment - The Chief Economist: A Red-Green-Yellow-Black Tax Reform: As different as the parties' ideas for tax reform are, the consensus is that something has to ...
handelsblatt.com/meinung/kolumnen/kommentar-der-chefoekonom-eine-rot-gruen-gelb-schwarze-steuerreform/100014764.html
Comment - The Chief Economist: A Red-Green-Yellow-Black Tax Reform
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La Vie Eco organized its inaugural event of the year, centered around the theme: "Taxation: New Developments for 2024 and Future Challenges ... Show more
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‘Rich people’: Lambie’s fury after PM booed: Independent senator Jacqui Lambie has lashed out at tennis fans after Anthony Albanese was ruthlessly booed at the ...
news.com.au/entertainment/tv/morning-shows/jacqui-lambie-blasts-rich-tennis-crowd-after-anthony-albanese-booed-at-australian-open/news-story/0be55afb09d40488e0b0e004f98eb6d7
‘Rich people’: Lambie’s fury after PM booed
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Cedar Rapids City Council anticipates more ‘targeted’ spending after tax reform: City’s 2025 budget includes infrastructure investments
thegazette.com/local-government/cedar-rapids-city-council-anticipates-more-targeted-spending-after-tax-reform/
Cedar Rapids City Council anticipates more ‘targeted’ spending after tax ...
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Brazil’s Minging and Oil Sectors Tackle New “Sin Tax”: Facing a tax reform, Brazil's mining and oil sectors strategize to lessen the new selective ...
riotimesonline.com/brazils-minging-and-oil-sectors-tackle-new-sin-tax/
Brazil’s Minging and Oil Sectors Tackle New “Sin Tax”
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New tax rates on passive income pushed by DOF: New tax rates on passive income pushed by DOF
news.abs-cbn.com/business/2024/2/14/new-tax-rates-on-passive-income-pushed-by-dof-1739
New tax rates on passive income pushed by DOF
Profile picture of The Age
‘Everything on the table’: Calls for tax overhaul to go beyond stage 3 cuts: As the Coalition argues the government cannot be trusted on income tax changes ...
theage.com.au/politics/federal/everything-on-the-table-calls-for-tax-overhaul-to-go-beyond-stage-3-cuts-20240131-p5f1er.html
‘Everything on the table’: Calls for tax overhaul to go beyond stage 3 ...
Quick Glance: New Tax Bill Expands Child Tax Credit and Business Breaks
  • A comprehensive, bipartisan tax reform was passed by the House to expand the child tax credit for American families and reinstate tax breaks for businesses.

  • The widespread support in the House was critical for the legislation, fast-tracked under a tactic known as 'suspension' by Republicans.

  • The tax legislation passed would raise the refundable portion to $1,800 per child in 2023, $1,900 per child in 2024 and $2,000 per child in 2025.

  • The bill would also create tax benefits for people impacted by natural disasters and strengthen the low-income housing tax credit.