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