Last night, the Treasurer Jim Chalmers handed down the new Government’s 2022-23 Federal Budget, and Labor’s first Budget in ten years.
In what’s being sold as a “Cost of Living” Budget, there are precious few measures which will have a positive impact on the cost of living for Australians.
Included in last night’s Budget is that the ATO is receiving an additional $1.825 billion to spend on their Personal Income Tax Compliance Program, their Shadow Economy Program, and the Tax Avoidance Taskforce. Treasury is expecting to raise $5.583 billion from these measures.
For a full run down of the October edition of the 2022-23 Federal Budget, you can either read or download the summary below.
Got Questions?
If you have any questions about tonight’s budget, or would like to discuss some of the specific measures, please don’t hesitate to get in touch
