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Stage 3 Tax Cuts Slide
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The Fiscal and Fairness Implications of the Stage 3 Income Tax Cuts: Concerns from the Community and Welfare Sector

On 18 April 2023, The Tax Law and Policy Research Program of the Melbourne Centre for Commercial Law and the Melbourne Social Equity Institute hosted a hybrid seminar on the fiscal and fairness implications of the Stage 3 income tax cuts.The Stage 3 tax cuts were legislated in 2019 with bipartisan support and are due to commence on 1 July 2024. The cuts involve a significant flattening of the progressive personal income tax and are estimated to amount to approximately AUD 184 billion in revenue foregone over the first 8 years of their operation. Distributional analysis suggests that the benefits of the cuts primarily accrue to high wealth and income taxpayers.The public seminar discussed the fiscal and fairness implications of the tax cuts and queried whether their retention can be justified. The seminar featured legal, economic and political analysis of the tax cuts from experts across the University of Melbourne and feature an address by Cassandra Goldie (CEO, ACOSS) discussing the concerns of the community and welfare sector.The seminar was the first in a series of events organised by the Community Tax Project - an alliance between the academic and community and welfare sectors to advocate on tax policy and reform to better achieve social and economic justice. The project is supported by the Tax Law and Policy research program at the Melbourne Centre for Commercial Law and with funding provided by the Melbourne Social Equity Institute and the Australian Research Council (DE190100346).

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