‘Morrison caught lying’: Bowen demands answers from Treasury over $387 billion tax costing

While the government has claimed these are “new taxes” on Australians, the biggest single component is $230 billion in revenue from Labor’s rejection of the Coalition’s personal income tax cuts. This means Labor is keeping the status quo rather than applying new taxes.

Another $157 billion in higher revenue comes from Labor policy initiatives from negative gearing, dividend changes, family trusts and superannuation.