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Liberal MP Jason Falinski has called for inheritance taxes in Australia despite his party attacking Labor leader Anthony Albanese claiming he will introduce a similar measure in the form of a death tax .
Richard Holden
April 30, 2021
Australian Treasurer Josh Frydenberg speaks to the media during a press conference inside the budget lockup ahead of handing down the Budget 2020/21 at Parliament House. Source: AAP/Lukas Coch.
“It’s difficult to make predictions,” the saying goes, “especially about the future.” The many predictions federal budgets make about the economy over the coming four years must therefore be taken with a large grain of salt.
But in the lead-up to the 2021 budget (to be announced by Treasurer Josh Frydenberg on May 11) three notable economic facts, about which no speculation is required, loom large.
Inflation at record low