The Australian Financial Review --- Page: 6 : 4 March 2008 Original article by Barrie Dunstan
LexisNexis Summary
The Australian Government plans to offer $A31 billion worth of tax cuts in the May 2008 Budget. This is a pre-election promise that the Australian Labor Party intends to keep. Bernie Fraser, the former governor of the Reserve Bank of Australia, says that instead of tax cuts, the Government should put a lump sum into each employee's superannuation account. Fraser has suggested an amount between $A600 and $A800 per person. Fraser believes that this step would be more equitable than tax cuts and would help poorer people to top up their super. Labor has insisted that it will deliver the tax cuts as promised.
