The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it’s needed

John Hawkins; Jinjing Li; Michael Walsh; Riyana Miranti; Yogi Vidyattama

The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it’s needed

John Hawkins, Jinjing Li, Michael Walsh, Riyana Miranti, Yogi Vidyattama

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Abstract

The Low and Middle Income Tax Offset (known as the LMITO or “lamington”) has been given yet another new lease of life.
What started in 2018 as a stop-gap until broader tax cuts were introduced, was extended because of COVID after the tax cuts were introduced in the 2020 budget and has now been extended again in 2021 to assist with the COVID recovery.
Which is odd, because, being a delayed payment (it is only paid out as tax refunds after the end of each financial year), it offers anything but real-time support.
And despite its name, it isn’t offered to Australians on very low incomes.
Our newsroom needs you now more than ever.

Original language	English
Pages	1-4
Number of pages	4
Specialist publication	The Conversation
Publisher	The Conversation Paperpress
Publication status	Published - 14 May 2021

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ArticleFinal published version, 544 KBLicence: CC BY-ND

https://theconversation.com/the-low-and-middle-income-tax-offset-has-been-extended-yet-again-it-delivers-help-neither-when-nor-where-its-needed-160772Licence: CC BY-ND

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The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it’s needed

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