Matt Canavan is keen on income splitting. Here’s what it would mean for couples
- Written by Donovan Castelyn, Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania
Newly elected Nationals leader Matt Canavan has proposed allowing couples with dependent children to split their income for tax purposes.
In simple terms, the total income of a couple could be divided between both parents before calculating tax. Similar structures already exist internationally, such as in France and Germany.
Supporters say the...
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