Australian Labor's Tax Reforms Projected to Benefit Young People

Modelling shows 90% of young Australians will be better off under Labor’s tax reforms

The $1,000 tax deduction, $250 ‘working Australians tax offset’, and CGT and negative gearing changes will most benefit young people, Treasury secretary says Get our breaking news email, free app or daily news podcast Ninety per cent of young Australians will be better off under the Albanese government’s tax proposals, the Treasury claims, as Labor moves to pass its reforms into law. The government introduced the tax changes to parliament on Thursday before a heated question time in which t...

By Luca Ittimani and Josh Butler