Coalition’s tax-deductible business lunches would ‘smash the budget’, treasurer says – video​on February 4, 2025 at 12:09 am

Jim Chalmers criticises the Coalition’s policy for tax-deductible business lunches – which, according to costings that the government asked Treasury to prepare, would cost between $1.6bn and $10bn a year. ‘Part of my job is to understand risks to the budget, and this is a very substantial risk to the budget,’ he says. ‘This would smash the budget’PM labels Coalition’s tax-deductible lunch plan ‘worst, sloppiest policy’ as Treasury puts cost in the billions Continue reading…Jim Chalmers criticises the Coalition’s policy for tax-deductible business lunches – which, according to costings that the government asked Treasury to prepare, would cost between $1.6bn and $10bn a year. ‘Part of my job is to understand risks to the budget, and this is a very substantial risk to the budget,’ he says. ‘This would smash the budget’PM labels Coalition’s tax-deductible lunch plan ‘worst, sloppiest policy’ as Treasury puts cost in the billions Continue reading…   Coalition’s tax-deductible business lunches would ‘smash the budget’, treasurer says – video | Jim Chalmers | The Guardian

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