Budget Insights – Tuesday 25 October 2022
On 25 October 2022 Treasurer Jim Chalmers handed down the first Federal Budget for the new Labor Government, which was the first time in nine years.
Logan’s own Jim Chalmers has done his best Robin Hood impression in delivering Labor’s first Federal budget in nine years. The 2022-23 October budget reminds us of the ideological differences between Australia’s major parties.
This budget provides support for indigenous, green, family and women’s causes. The budget also provides funding for apprentices and workers. With very few announcements specifically focussed on business, apart from a number of measures aimed squarely at increasing the tax take from and transparency of significant multinational organisations. Of broader interest (and concern) to the local business community is yet more funding to the ATO’s tax avoidance taskforce who are increasingly active already.
Budget Briefing Webinar – Wednesday 26 October 2022
Watch our Federal Budget Briefing presented by Murray Howlett and Ramona McGregor below.
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If you would like more information or have tax related queries about the Federal Budget, please contact your Pilot Advisor or our Tax team on (07) 3023 1300.
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