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Tue Apr 23

The budget's dirty secret is the hikes in tax rates you're not meant to know about

Written by Steven Hamilton, Assistant professor, George Washington University

The wheels of the economy will grind more slowly because of undeclared tax rate hikes in the budget.Shutterstock

As I mentioned a few days ago, Treasurer Josh Frydenberg and Prime Minister Scott Morrison recycled three pretty big tax ideas in the 2019 budget, each one originally from the 2018 budget but supercharged, and in one case doubled.

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