Labor agrees to cooperate with Coalition to overturn $3bn tax cut

Labor says it will support the government in abolishing the legislated increase in the tax-free threshold, designed as a carbon tax offset, to help the budgetLabor has agreed to support the government in abolishing a $3bn tax cut.The cut, essentially an increase in the tax-free threshold, was due to take effect from July 1 and had been part of Labor’s compensation package for the carbon tax.Continue reading...