Can you trust a Labour Party on tax?
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In July 2021 Australian Labor Leader Anthony Albanese promised to”deliver the same legislated tax relief to more than 9 million Australians as the Morrison Government”.
Then in February 2024, Australian Labor reneged on their promise and abandoned Stage III of the legislated tax relief.
In June 2024 UK Labour shadow Chancellor Rachel Reeves promised no significant tax increases and in October 2024 announced 40 billion pounds of new taxes – the second largest increase in history.
Is this a pattern? Labour Parties promise one thing on tax, and then once they are in, break that promise.
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