Josh Frydenberg has signalled the Coalition is prepared to bring forward $158 billion in personal income tax cuts slated for mid-2022 to provide greater economic stimulus after it was revealed Australia was in its first recession in three decades.
The Treasurer indicated infrastructure spending, cutting red tape, reskilling workers and offering tax relief for business would be at the heart of the October federal budget. Mr Frydenberg yesterday confirmed Australia's Gross Domestic Product contracted seven per cent - the worst quarterly contraction on record. Prime Minister Scott Morrison described the economic news as "devastating" but sought to reassure people things would improve.
JoshFrydenberg Another BS number released by government. With an average tax rate of 30% the income has to be 526 billions. I wonder when the AUS economy will be capable to provide this income to the working people?
JoshFrydenberg Tax cut for the 1.4million unemployed .Yeah sounds like a CRACKIN IDEA.. FFS More 💸💸 to the well off, And everyone else here's a loaf of bread... FU.. Qt Senateqt LiberalRecession2020
JoshFrydenberg ScottMorrisonMP and JoshFrydenberg are the worst economic Manager in 100 years!! There is no doubt, 7years of economic mismanagement has flatlined the economy, on a Coalition lead economic suicide mission. Leaving Australia torn to pieces, in pain and destruction!! auspol
JoshFrydenberg What a crock of garbage. Everything the lnp says it's gonna do is utter crap. Lying to get votes is what they do best MurdochRoyalCommission
JoshFrydenberg Tax cuts for the rich? No thanks.
JoshFrydenberg TheMurdochCoalitionCancer Bye bye misogynist delusional Trump bye bye !!😂 m
JoshFrydenberg Please could someone please tell Josh to use OVERHEADS AND NOT CASH HANDOUTS. Retirees should be exempt from paying, water rates, rego:, power, Get the idea Josh.
JoshFrydenberg Let it burn! Let supply and demand do it's job without govt interference
JoshFrydenberg JoshFrydenberg , make sure that state governments, local councils, energy and water suppliers don't see this as an opportunity to increase their costs.
JoshFrydenberg Thus increasing this Liberal governments already vast debt and deficit... LiberalsAreBadEconomicManagers AusPol
JoshFrydenberg The government should GET OUT OF OUR LIVES; that would help fix the problem THEY CREATED
JoshFrydenberg Gesara wipes that out instantly, not in 2 yrs. Income tax is fraudulent.
JoshFrydenberg Get the tax breaks out then raise the GST is what expect will happen.
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Income, company tax cuts to feature in budget | Sky News AustraliaSky News Political Editor Andrew Clennell says income and company taxes will be a feature of next month’s federal budget.\n\n“The government keeps saying they are the party of lower taxes,” Mr Clennell said.\n\n“In terms of income taxes being brought forward and another push for company tax cuts.\n\n“The 2018 promise on income tax cuts have the cuts occurring out until 2024\u002F25, well they’re probably not needed then as they are now.\n\n“It certainly makes sense for them to be brought forward.”\n\nThe budget, usually released in May, has been delayed until October 6.\n aclennell STOP FEEDING ASIA WITH TOXIC COAL! OUR PLANET IS DYING! IF ADANI MINE GO AHEAD,DROUGHTS, FLOODS, CYCLONES WILL INCREASE! EARTH WILL BE COOKED & FRIED! WE HAVE CLIMATE EMERGENCY LISTEN TO SCIENTISTS STOP TAX AVOIDANCE DRAIN THE SWAMP! HOW ON EARTH COULD BELOW POSSIBLY HAPPEN? aclennell RECESSION! aclennell News Corp/SKY don't pay any Australian. Probably about time they did. That would help Australia rather than sending all their profits overseas tax free.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Morrison govt may pull forward $158b in personal income tax cuts to fight recession | Sky News AustraliaIn a bid to boost the economy out of the current recession, the Morrison government may pull forward $158 billion worth of personal income tax cuts in the budget next month.\n\nThe Age has reported Treasurer Josh Frydenberg has layed down infrastructure spending, increasing the skills of workers, business tax relief and the reduction of business red tape as facets of the government’s plan to reignite the economy.\n\nSky News contributor Caleb Bond said, “It’s an immediately smart move to make, if you’re already talking about tax cuts why not bring them forward.\n\n“This is a great opportunity for Josh Frydenberg, I think this will be the making of Josh Frydenberg.”\n\nImage: Getty what an outrageous waste of money, this mob are truly teflon thieves What the hell is going on in Australia? What incompetent dick-heads have we got running our country? Shame we can't have a re-run of the last election.
Source: SkyNewsAust - 🏆 7. / 78 Read more »
Facebook faces taxes over Aussie news ban | Sky News AustraliaThe former chairman of the Australian Consumer and Competition Commission has warned Facebook could face retaliation for its threats to remove and ban news content from its platforms in Australia.\n\nAllan Fels said the social media giant could be hit with a general tax on all internet transactions if it went ahead with the ban.\n\nFacebook's pushback followed a government proposed mandatory code of conduct which would force tech giants to share their revenue with media companies for use of their content. \n\nImage: News Corp Australia\n\n You know its eventually going to be banned, same with all social media.. were at war, most just dont know it yet Perhaps ban all Murdoch corporations 🤔 Why do we want one billionaire to give money to another billionaire with zero benefits to Australia. Why are we finding ways to finance Murdoch media. We should be finding ways to stamp out Murdoch media
Source: SkyNewsAust - 🏆 7. / 78 Read more »