Budget could contain tax increases, says Mathias Cormann

Phillip Coorey
3 April 2017

Finance Minister Mathias Cormann has hinted there could be tax increases in the May budget but says the government will adhere to its medium-term target of the overall tax take not exceeding 23.9 per cent of the economy.

While the budget is expected to include changes to the Petroleum Resources Rent Tax designed to deliver billions more in revenue, Senator Cormann is fighting to protect the tax-to-GDP ratio from blowing out. 

> Read more: http://www.afr.com/news/politics/budget-will-contain-tax-increases-says-mathias-cormann-20170402-gvc47a#ixzz4dEV0wyUC