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AUSTRALIAN TREASURER SAYS STILL ROOM FOR TAX CUTS.
CANBERRA, Feb 1 Asia Pulse - Federal Treasurer Wayne Swan says there is still room for personal income tax cuts in the May budget.
But he says the government needs to make additional expenditure savings to take pressure off inflation.
"The most important thing the federal government can do is cut back on spending - we're going to do that - but there is room for the (A$31 billion - US$27.77 billion) tax cuts, they're important," he told ABC Radio today.
"What we have to do in government is take the pressure off the Reserve Bank by dealing with inflation problem we inherited."
The inflation "genie" took some time to develop and would take some ...
- Reserve Bank expected tax cuts: Access.
- News wire article from: Bulletin Wire May 8, 2006 700+ words
...economist believes the Reserve Bank may have raised interest...week in anticipation of tax cuts in Tuesday's federal...best guess, (and) the Reserve Bank can never say it, but...because they saw the tax cuts coming," Mr Richardson...
- AUSTRALIA'S RESERVE BANK TIPPED TO LEAVE INTEREST RATES ON HOLD.
- News wire article from: AsiaPulse News July 4, 2006 700+ words
...month to enjoy their tax cuts with the Reserve Bank set to leave interest...crash through the Reserve Bank's target range of...We suspect the Reserve Bank will leave rates unchanged...waits to see how the tax cuts work their way through...
- Tax cuts could push RBA to rate rise.
- News wire article from: Bulletin Wire July 17, 2006 700+ words
...government's tax cuts could provoke the Reserve Bank into more interest...between the Reserve Bank and the federal...recently arrived tax cuts are huge and...Canberra pumps out tax cuts, the greater...pressure on the Reserve Bank to raise ...
- Tax cuts anticipated in budget.
- News wire article from: Asia Africa Intelligence Wire May 9, 2005 700+ words
...it would contain tax cuts, he replied: "Wait and see". But tax cuts may come at a price...tax system, the Reserve Bank would be almost compelled...them to add extra tax cuts at the moment." The Reserve Bank warned last week...
- Economy can afford tax cuts: RBA chief.
- News wire article from: Bulletin Wire February 17, 2006 700+ words
...Australian economy could absorb tax cuts or changes in spending, Reserve Bank governor Ian Macfarlane said...Macfarlane said the fallout of tax cuts on the economy had never been...point of discussion at the Reserve Bank. "We can afford some changes...
- AUSTRALIAN ECONOMY COULD ABSORB TAX CUTS: CENTRAL BANKER.
- News wire article from: AsiaPulse News February 17, 2006 700+ words
...Australian economy could absorb tax cuts or changes in spending, Reserve Bank of Australia governor Ian...Macfarlane said the fallout of tax cuts on the economy had never been...point of discussion at the Reserve Bank. "We can afford some changes...
- Taxpayers to share $37b in tax cuts.
- News wire article from: Bulletin Wire May 9, 2006 700+ words
...will enjoy $37 billion in tax cuts over the next four years...years. The personal income tax cuts follow the decision of the Reserve Bank to lift interest rates last...might move in response to his tax cuts, Mr Costello replied...
- AUSTRALIAN GOVT, RBA HAVE SAME OPINION ABOUT TAX CUTS: PM.
- News wire article from: AsiaPulse News February 20, 2006 700+ words
...federal government and the Reserve Bank have exactly the same opinion about potential tax cuts, says Prime Minister John Howard. Reserve Bank governor Ian Macfarlane...economy could afford tax cuts. Mr Howard said today...
- MIXED REACTION TO AUSTRALIAN GOVT'S TAX CUTS.
- News wire article from: Asia Africa Intelligence Wire May 11, 2005 700+ words
...warned the "over-generous" tax cuts could push up inflation...Leader Kim Beazley said the tax cuts were risky at a time when the Reserve Bank was considering lifting interest...Senator Bob Brown said the tax cuts were an attempt by Mr Costello...
- NATS' TAX CUTS WON'T PUSH UP INTEREST RATES -- BRASH.
- News wire article from: Asia Africa Intelligence Wire September 15, 2005 700+ words
...3.9 billion a year tax cuts package will not push up interest rates despite Reserve Bank governor Alan Bollard...National's proposed tax cuts and Labour's $400...closely and believed its tax cuts coupled with increased...
Source: HighBeam Research, AUSTRALIAN TREASURER SAYS STILL ROOM FOR TAX CUTS.