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April 2015

Media Release

Simple tax change would close loopholes costing budget $2.5b

April 8, 2015

A ‘Buffett Rule’ in Australia would limit the incentive for very high income earners to use excessive tax deductions and boost government revenue by $2.5 billion per year. The findings are outlined in a report from The Australia Institute: Closing the tax loopholes: A Buffett rule for Australia, which includes NATSEM modelling of a 35%