The Australian federal opposition party decided on Monday to drop its previous stance and deliver the same legislated tax cuts as the Coalition after six years of opposition, or two election cycles, to the policies.
“The Shadow Cabinet and Caucus have today confirmed that Labor in government would uphold the legislated changes to personal income taxes and maintain the existing regimes for negative gearing and capital gains tax,” Labor leader Anthony Albanese and Shadow Treasurer Jim Chalmers said in a joint statement on Monday.
