The 2025-26 budget had one modest surprise, but leaves a lot to the next Parliament (and probably Parliaments after that)

Treasurer Jim Chalmers pulled one unexpected rabbit out of his hat in Tuesday’s 2025-26 federal budget. This was a 1 percentage point cut in the bottom marginal tax rate, from 16% to 15% from 1 July next year, and a further 1 percentage point cut to 14% from 1 July 2027, resulting in a tax Continue reading »