Mirage News
Wednesday’s mid-year budget update will downgrade company tax receipts by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates, Treasurer Jim Chalmers says. The company tax downgrade is the first since 2020 and reflects weaker volumes in commodity sales as the Chinese
Read More
Chalmers: Budget Hit by Higher Spending, Lower Revenue | Mirage News
Tomi Guillemette
08:24
Wednesday’s mid-year budget update will downgrade company tax receipts by $8.5 billion over the four years to 2027-28, and show “slippage’ in the bottom line in some years of the forward estimates, Treasurer Jim Chalmers says. The company tax downgrade is the first since 2020 and reflects weaker volumes in commodity sales as the Chinese
