Company tax cut shelved [B9]

The Treasurer has announced that the proposed reduction in the company tax rate to 29% will not proceed. The reason given by the Treasurer was that it had become clear that the proposed tax rate cut would not be approved by Parliament. The Treasurer added that the savings from not proceeding with the company tax…

Means testing medical expenses offset [B8]

The medical expenses tax offset will be means tested from 1 July 2012. The Government announced that, for people with adjusted taxable income above the Medicare levy surcharge thresholds ($84,000 for singles and $168,000 for couples or families in 2012-13), the threshold above which a taxpayer may claim the medical expenses offset will be increased…

Where to get Budget documents [B1]

On the web The 2012-13 Budget Papers are available at any of the following websites: 2012-13 Central Budget website Federal Government Parliament of Australia Department of Finance and Deregulation Those websites also link to previous years’ Federal Budget papers going back to 1996-97. Print copies The 2012-13 Budget Papers are also available for sale from…