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Family tax ripe for budget axe
Feb 27, 2013 (The Australian - ABIX via COMTEX) --
The Australian Government could achieve significant savings by making eligibility changes to Part B of the Family Tax Benefit (FTB). Ben Phillips from the National Centre for Social & Economic Modelling says no longer paying FTB Part B to dual-parent families with a combined income of more than $A100,000 could save $A500m a year. An additional $A1.5bn in savings could be achieved by further tightening of eligibility for FTB Part B, although Phillips doubts any changes would be made in what is an election year.
Publication Date: 28 February 2013
UNIVERSITY OF CANBERRA. NATIONAL CENTRE FOR SOCIAL AND ECONOMIC MODELLING
BUSINESS COUNCIL OF AUSTRALIA
BHP BILLITON LIMITED - ASX BHP
WOMEN'S ELECTORAL LOBBY
NATIONAL AUSTRALIA BANK LIMITED - ASX NAB
AUSTRALIAN LABOR PARTY
AUSTRALIA. DEPT OF THE PRIME MINISTER AND CABINET
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