Turnbull's tax plan expected before Federal Budget

PRIME Minister Malcolm Turnbull rebuffed Labor's renewed attack on the Government's tax policies, amid reports of an expected policy release ahead of the May Federal Budget.

As the Government considers an increasingly likely double dissolution election in July, Mr Turnbull has not laid out tax reform plans.

The lack of policy proposals again featured in question time, with Mr Turnbull countering Opposition questions by again attacking Labor's proposals on negative gearing.

However he did not take the opportunity to reveal any more details of what the Government proposes, despite Treasurer Scott Morrison repeatedly promising income tax cuts in the coming budget.

While Labor has not promised tax cuts, it has pledged to cut tax concessions on property investments, and add penalties for multinational firms trying to avoid paying tax.

Mr Turnbull was expected to release some sort of tax policy proposal next month ahead of the Federal Budget.

It comes amid Coalition backbench concerns about any reforms other than cutting taxes.


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