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The Times

Budget 2026 brings a small tax handout to workers and a crackdown on tax breaks and trusts

  • Written by Michelle Grattan, Professorial Fellow, University of Canberra

All working Australians will receive a permanent $250 “tax offset” from next year in Treasurer Jim Chalmers fifth budget, which also cracks down on tax breaks for housing investors and trusts.

The tax offset in the budget will cost nearly $6.4 billion over the forward estimates.

Delivering the budget on Tuesday night Chalmers told...

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