Tax indexation gets a mention

by

Ed.

From www.abc.net.au: Peter Dutton proposes indexing personal income tax to combat “bracket creep,” which increases tax burdens on individuals as their incomes rise with inflation.

This commitment, seen as a major shift in his campaign, raises questions about its timing and the potential for implementation if a Coalition government is formed.

Economists and former Treasury officials support the idea, arguing it would lead to a fairer tax system, though concerns remain about the fiscal discipline required for such reforms.

Filed under: Tax - Individuals