{"id":3961,"date":"2026-05-03T19:46:40","date_gmt":"2026-05-03T19:46:40","guid":{"rendered":"https:\/\/www.europesays.com\/australia\/3961\/"},"modified":"2026-05-03T19:46:40","modified_gmt":"2026-05-03T19:46:40","slug":"assistant-treasurer-daniel-mulino-points-to-fairness-as-tax-burden-reaches-highest-point-since-keating-era","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/australia\/3961\/","title":{"rendered":"Assistant Treasurer Daniel Mulino points to \u2018fairness\u2019 as tax burden reaches highest point since Keating-era"},"content":{"rendered":"

The Albanese government has pointed to its \u201cfairness\u201d agenda in response to new analysis showing the income tax burden has reached the highest level since the 1980s.<\/p>\n

Assistant Treasurer Daniel Mulino said tax policy needed to be viewed in the \u201cbroader context\u201d as the personal income tax take hits 12.57 per cent of GDP.<\/p>\n

Fresh analysis released by The Daily Telegraph<\/a> on Sunday revealed the tax take was the highest since 1988-1989 under former prime minister Paul Keating.<\/p>\n

\u201cI think you always need to look at tax in the broader context,\u201d Mr Mulino told Sky News Sunday Agenda in response to the report.<\/p>\n

\u201cI think we’re going need to look at this budget in the context of what this government has implemented across its term.\u201d<\/p>\n

He pointed to the Albanese government\u2019s $5 per week tax cuts, announced in the 2025 federal budget.<\/p>\n

However, the government has since drafted policies<\/a> to increase the tax burden, including changes to negative gearing, capital gains discounts and family trust breaks.<\/p>\n

Prime Minister Anthony Albanese previously ruled out such tax changes ahead of the 2025 federal election.<\/p>\n

Mr Mulino argued that voters expected governments to \u201clook at new policy ideas\u201d when asked how he could justify making changes the public did not vote on.<\/p>\n

\u201cPeople want governments to have an agenda where they’re willing to look at new policy ideas based on the nation’s longer-term challenges,\u201d he said.<\/p>\n

\u201cI think two of those challenges are the need to deal with intergenerational fairness and the need boost longer-term productivity growth.\u201d<\/p>\n

\"Jim<\/p>\n

The latest indications suggest the government will move to restrict negative gearing to new properties, while grandfathering existing investments.<\/p>\n

Existing owners would be shielded from changes but future investors would no longer be able to deduct losses on established properties, under such an arrangement.<\/p>\n

At the same time, the government appears ready to overhaul capital gains tax, replacing the 50 per cent discount with an inflation-adjusted indexation model on real gains.<\/p>\n

Sources have also told Sky News that a tax on family trusts \u2013 used by higher-income households to minimise tax \u2013 remains under consideration.<\/p>\n

While a final decision has not been confirmed, expectations within government circles are that such a measure will be included.<\/p>\n

According to the analysis by Deloitte Access Economics, the tax the burden is likely to continue rising in coming years as revenue growth outpaces the broader economy.<\/p>\n

The report also projected total personal income tax receipts could climb to about $430 billion by 2028\u201329.<\/p>\n

The Albanese government will hand down the federal budget on May 12.<\/p>\n","protected":false},"excerpt":{"rendered":"The Albanese government has pointed to its \u201cfairness\u201d agenda in response to new analysis showing the income tax…\n","protected":false},"author":2,"featured_media":3962,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[1757,22,4917,4920,21,5199,5197,1861,156,5198,546],"class_list":{"0":"post-3961","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-australia","8":"tag-albanese-government","9":"tag-au","10":"tag-auspol","11":"tag-australian-politics","12":"tag-austrlia","13":"tag-daniel-mulino","14":"tag-fairness","15":"tag-federal-budget","16":"tag-labor","17":"tag-labor-points-to-fairness-as-tax-burden-reaches-highest-point-since-1980s","18":"tag-tax"},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/3961","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/comments?post=3961"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/posts\/3961\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media\/3962"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/media?parent=3961"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/categories?post=3961"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/australia\/wp-json\/wp\/v2\/tags?post=3961"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}