Nov 7, 2013

Government scrapping previous tax changes

The new Liberal Government is scrapping the majority of proposed tax changes put forward by the previous Labor Government. One of the more notable proposals to be scrapped is the capping of self education expenses which proved unpopular with those starting in the workforce and those looking to upskill themselves through further education. The fringe benefits tax changes and increased taxes on superannuation earnings above $100,000 have also been scrapped. Here is a link to more information.