Coalition's tax-deductible business lunches would 'smash the budget', treasurer says

Jim Chalmers criticises the Coalition’s policy for tax-deductible business lunches - which, according to costings that the government asked Treasury to prepare, would cost between $1.6bn and $10bn a year. 'Part of my job is to understand risks to the budget, and this is a very substantial risk to the budget,' he says. 'This would smash the budget'
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