The Low and Middle Income Tax Offset has been extended yet again. It delivers help neither when nor where it's needed
- Written by John Hawkins, Senior Lecturer, Canberra School of Politics, Economics and Society and NATSEM, University of Canberra
BeataGFX/ShutterstockThe 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...
