Treasurer Joe Hockey scraps Labor’s proposed tax changes
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Federal Treasurer Joe Hockey has flagged a series of cuts to proposed tax changes put forth by the previous government. Of the 92 tax changes, seven have been cut, 64 are on the chopping block, with the rest set to be kept. Full details are yet to be unpacked, however Mr Hockey has revealed an end to changes to the Fringe Benefits Tax, superannuation, self-education caps, and more at a cost of $2.4 billion in revenue.
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