Tuesday 8 May 2018, the Federal Budget was released. Treasurer Scott Morrison announced a series of tax reforms including:
- Personal income tax cuts
- changes to Superannuation rules
- changes to the R&D tax incentives
- measures to combat illegal phoenixing
- measures to tackle the black economy and
- various integrity measures.
For a succinct look at the proposed changes, check out Hall & Wilcox’s 2018 Australian Federal Budget insight next Monday