Australia $106-billion income tax cuts seen boosting PM re-election bid


  • World
  • Thursday, 21 Jun 2018

One Nation leader Senator Pauline Hanson gestures before the Income Tax vote in the Senate Chamber at Parliament House in Canberra, Australia, June 21, 2018. AAP/Mick Tsikas/via REUTERS

CANBERRA (Reuters) - Australia passed a A$144 billion (80.57 billion pounds) package of income tax cuts on Thursday after right-wing leader Pauline Hanson backed the legislation, potentially boosting the re-election prospects of the centre-right government.

Taking a page from a tax overhaul in the United States, Australia's seven-year plan to cut personal income taxes is aimed at boosting the economy and delivering a political victory for Prime Minister Malcolm Turnbull.

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