Stage three tax cuts: richest 1% of Australians will save as much as poorest 65% combined, analysis shows

Adam Bandt says changes will turbocharge' inequality as parliamentary budget office analysis finds men will benefit the most

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The richest 1% of Australians will get as much benefit from the stage three tax cuts as the poorest 65% combined, new parliamentary budget office analysis has projected, heaping more pressure on the Albanese government to rethink its commitment to the controversial $243bn reform plan.

After the prime minister, Anthony Albanese, reaffirmed Labor stood by the tax changes on Monday, the Greens leader, Adam Bandt, again called for the Coalition-legislated tax cuts to be discussed at this week's jobs and skills summit, warning the reforms would turbocharge" inequality.

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