Cent Tax and Coalition Backflipped

tax: The committee was due to return its verdict on Monday, following a snap inquiry into a range of new measures including a 19 per cent income tax rate for working holiday makers, according to Australian Broadcasting Corporation. Labor pushed for hearings after the Coalition backflipped on its original plan to enforce a 32.5 per cent tax on all backpackers' earnings, from the first dollar. Map: Bundaberg 4670 A Senate Economics Committee report on the backpacker tax has been delayed until Wednesday, the ABC understands. During public hearings, Treasury officials told the committee the government never modelled the impact of higher backpacker taxes on the agriculture sector or the economy. On Sunday, Labor leader Bill Shorten told the ABC Insiders program that the Opposition was "open to" a 10.5 per cent tax rate. The Opposition said it would declare a position on the proposal - a 19 per cent tax rate for backpackers, who will also lose 95 per cent of their superannuation in tax when they leave the country - after the inquiry reports back. (news.financializer.com). As reported in the news.