Turnbull flags personal tax cuts before 2019 election

Sydney

AUSTRALIAN Prime Minister Malcolm Turnbull aims to introduce personal income tax cuts before the next federal election, due in 2109, to complement the government's drive to trim corporate rates.

The planned cuts to personal tax are contingent on the government being able to maintain its commitment to get the budget back into surplus by 2021, Mr Turnbull told Sky News on Sunday. There's capacity to reduce both business and personal taxes, he said. "How much we can do and when we do it will depend on the budgetary circumstances, but yes the answer is we do have the ability to do it."