Commentary Sidelined by this week’s news of gold medals in Tokyo, and an expanding COVID-19 outbreak in Sydney, was the Australian Labor Party’s announcement they would no longer look at proposed tax increases if successful in next year’s bid for government. This is a stunning reversal of Labor’s stance at the 2019 election and a welcome pointer to the future of taxation in Australia—even if nothing is ever certain. Labor went to the 2019 election proposing a raft of tax increases and rejecting personal income tax cuts proposed by the Coalition government, which will take effect in 2024. These are the third and final stages of a series of the tax bracket, and marginal rate adjustments commenced in 2018. Following Labor’s loss of that election, the unravelling of its tax policies began soon after. The election loss was widely unexpected, and tax policies were believed to have played a key …