Source: NTAA Ed (2019). Snapshot of the ALP Key Tax Policies, The Tax Adviser’s Voice Edition No.288 Jan/Feb 2019, (pp4-5)

Editor: The Federal Election will be the primary focus over the next few months, with many commentators predicting a possible change in Government.

As usual, tax policy is a focal point of the political debate.

Recently, at Labor’s 48th national conference (16-18 December 2018), a document entitled A fair go for Australia: National platform – final draft’ (‘A fair go for Australia’) outlined the key ALP policies.

This included many previously announced key taxation policies, with the notable exception of other (still) proposed reforms, including for example, the restriction of cash refunds of excess franking credits and the $3,000 cap on tax-related expense claims.

The table below outlines some of the key ALP tax policies of interest.

Source: NTAA Ed (2019). Snapshot of the ALP Key Tax Policies, The Tax Adviser’s Voice Edition No.288 Jan/Feb 2019, (pp4-5)