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2007-05-15
Budget Overview
The Treasurer, Peter Costello, delivered his twelfth Budget and as expected it had some pre-election sweeteners.
Some of the announcements relevant to taxpayers are as follows:
- Personal Income Tax Cuts
- Simpler Tax for Small Business
- Superannuation - Additional Government Co-Contribution
- Dependent Spouse Rebate Increased to $2,100
- Boost for the Child Care Rebate
- Company Loss Recoupment Rules