Income tax, capital gains and negative gearing, corporate tax, the GST, resource royalties and cost-of-living relief — five parties, from platforms, budget papers and parliamentary votes, with the check date on the table. The Sovereign Australia column restates the published tax plan: a $50,000 tax-free threshold, one resource levy in place of eight regimes, and relief that operates on the cost rather than the price.
Checked 27 August 2026. Sources: party platforms, releases, budget papers and parliamentary votes; the June 2026 passage of the capital gains and negative gearing package and the August 2026 amendment bills; Sovereign Australia’s published tax plan and platform. “No stated position” means none found on the public record, not indifference. One Nation’s positions are drawn from speeches and Senate interventions rather than a published platform. This table states each party’s position, not this party’s characterisation of it.
| Issue | Sovereign Australia | Labor | Coalition | Greens | One Nation |
|---|---|---|---|---|---|
| Income tax Federal |
A $50,000 tax-free threshold from day one; a 30 per cent flat rate falling to 20 over a decade. | Legislated tax cuts from 2026–27; an instant $1,000 work-expense deduction without receipts. | Opposed the legislated 2026–27 cuts and vowed to repeal them. | Higher taxes on large corporations and high wealth to fund services. | Raise the tax-free threshold, and allow income splitting — joint tax filing for couples with dependent children. |
| Capital gains and negative gearing Federal |
A 30 per cent rate on property gains with no holding-period discount, and the end of negative gearing on investment properties — paired with land tax reform and supply incentives. | The capital gains and negative gearing reforms passed parliament in June 2026 — negative gearing restricted to new builds from July 2027, scored at over $40 billion across ten years. Four amendment bills released in August to fix the package’s “widow’s tax” and death-trust effects after sustained backlash. | Vowed to repeal — “axe Labor’s toxic taxes” — with a small-business capital gains cut of its own; joining the Senate push to abolish the widow’s-tax element outright. | Supports curbing negative gearing and capital gains concessions, but joined the Senate push against the package’s widow’s-tax element. | Joined the Senate push to abolish the widow’s-tax element of the package. |
| Corporate and bank tax Federal |
25 per cent corporate tax, and a 50 per cent profit levy on the big four banks. | No change to the corporate rate. | No change to the corporate rate. | A corporate super-profits tax. | No change to the corporate rate published; states that multinationals operating in Australia should pay their fair share. |
| GST State + Federal |
GST to 12 per cent with essentials exempt, every additional dollar to the states, distributed where the money was spent, and horizontal fiscal equalisation abolished. | No change to the rate or base. | No change to the rate or base. | Opposes raising the GST as regressive. | Opposes any increase to the GST and the reintroduction of death duties; a five-year GST exemption on building materials for new homes up to $1 million. |
| Resource royalties State + Federal |
One Resource Extraction Levy on the sale value of the ore, at marginal rates stepped by price — replacing eight state regimes, the PRRT and company tax on extraction. | PRRT changes legislated in 2023; no replacement of the state royalty regimes. | Opposes new resource taxes. | Supports a higher tax on fossil fuel and mining profits. | Replace the PRRT with a simple royalty on all oil and gas, levied at the point of production on volume rather than profit — put at $10–13 billion a year; plus a joint venture funding 30 per cent of exploration in Commonwealth waters for up to 30 per cent equity, held in a Commonwealth-owned corporation. |
| Cost-of-living relief State + Federal |
Relief that operates on the cost rather than the price: competition reform, 10c/kWh power, and destroying the illicit tobacco margin. | Energy bill rebates, cheaper medicines, fee-free TAFE, and a three-month fuel excise cut of 26.3 cents a litre in 2026. | Supported the fuel excise cut; opposes the carbon and energy costs it attributes to Labor. | Household electrification, dental into Medicare, rent caps. | Halve the fuel excise, cut electricity bills by 20 per cent, reduce freight costs, and lift Medicare rebates. |
Every Sovereign Australia cell restates the published policy — the tax policy, cost of living, the resource levy memos (royalties, the levy) and the platform.