Monday, November 20, 2017

Malcolm Turnbull's tax cuts should start with tax-free threshold: experts

KPMG tax partner Grant Wardell-Johnson said the easiest way to target lower and middle-income earners was to expand the existing the low-income tax offset. "Currently it is a maximum of $445 which applies to incomes of up to $37,000 and tapers to $66,667," he said. "It is non-refundable and cannot ...
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