Prime Minister Malcolm Turnbull made the announcement after Treasurer of Australia Scott Morrison delivered a voter friendly budget.

Rich get the benefits from ScottMorrisonMP's tax reforms #Budget2016 https://t.co/6zzsIhXGVi pic.twitter.com/pY29fOEfKb\u2014 ABC News (abcnews) May 3, 2016

Multinational companies that move profits offshore to avoid tax will now be penalised. Those guilty of such activities will pay a penalty tax of 40 percent instead of the usual 30 percent. Turnbull claimed the budget was a long-term economic plan for Australia, not just an attempt to win votes. The economy will be a major battleground in the election campaign as Australia attempts to diversify away from a mining boom now bust. Climate change and trade union corruption in the Australian building industry will also feature.

#qt: Smears: Now gutter politics from the PM who says lower-paid workers can't trust Bill Shorten #auspolpic.twitter.com/zVpyf2l4QX

— #PutLibsLast\u203c\ufe0f (johndory49) May 2, 2016 Before becoming the leader of the opposition Labor Party Bill Shorten was a senior official in the Australian Workers Union targeted by a government-commissioned inquiry into union corruption.", "dateCreated": "2016-05-04 10:00:24", "dateModified": "2016-05-04 10:00:24 +02:00", "datePublished": "2016-05-04 10:00:24 +02:00", "image": { "@type": "ImageObject", "url": "https://static.euronews.com/articles/331739/1440x810_331739.jpg", "width": "1440px", "height": "810px", "caption": "No more speculation Australia goes to the polls on July 2.", "thumbnail": "https://static.euronews.com/articles/331739/385x202_331739.jpg", "publisher": { "@type": "Organization", "name": "euronews", "url": "https://static.euronews.com/website/images/euronews-logo-main-blue-403x60.png" } }, "author": { "@type": "Person", "name": "Euronews", "url": "https://www.euronews.com/", "sameAs": [ "https://www.facebook.com/euronews", "https://twitter.com/euronews", "https://flipboard.com/@euronews", "https://www.instagram.com/euronews.tv/", "https://www.linkedin.com/company/euronews" ] }, "publisher": { "@type": "Organization", "name": "Euronews", "legalName": "Euronews", "url": "https://www.euronews.com/", "logo": { "@type": "ImageObject", "url": "https://static.euronews.com/website/images/euronews-logo-main-blue-403x60.png", "width": "403px", "height": "60px" }, "sameAs": [ "https://www.facebook.com/euronews", "https://twitter.com/euronews", "https://flipboard.com/@euronews", "https://www.instagram.com/euronews.tv/", "https://www.linkedin.com/company/euronews" ] }, "video": { "@type": "VideoObject", "contentUrl": "https://video.euronews.com/mp4/med/EN/NW/SU/en/160504_NWSU_090A0-102207_E.mp4", "description": "No more speculation Australia goes to the polls on July 2.", "duration": "PT47S", "embedUrl": "https://www.euronews.com/embed/331739", "height": "202px", "name": "Australia votes on July 2 after PM Turnbull calls election", "thumbnailUrl": "https://static.euronews.com/articles/331739/385x202_331739.jpg", "uploadDate": "2016-05-04 10:00:24", "videoQuality": "md", "width": "385px", "inLanguage": { "name": "en-GB", "alternateName": "en", "description": "https://www.euronews.com", "identifier": "en", "url": "https://www.euronews.com", "inLanguage": "en-GB" }, "publisher": { "@type": "Organization", "name": "Euronews", "legalName": "Euronews", "url": "https://www.euronews.com/", "logo": { "@type": "ImageObject", "url": "https://static.euronews.com/website/images/euronews-logo-main-blue-403x60.png", "width": "403px", "height": "60px" }, "sameAs": [ "https://www.facebook.com/euronews", "https://twitter.com/euronews", "https://flipboard.com/@euronews", "https://www.instagram.com/euronews.tv/", "https://www.linkedin.com/company/euronews" ] } }, "speakable": { "@type": "SpeakableSpecification", "xPath": [ "/html/head/title", "/html/head/meta[@name='description']/@content" ], "url": "https://www.euronews.com/2016/05/04/australia-votes-on-july-2-after-pm-turnbull-calls-election" } }, { "@type": "WebSite", "name": "Euronews.com", "url": "https://www.euronews.com/", "potentialAction": { "@type": "SearchAction", "target": "https://www.euronews.com/search?query={search_term_string}", "query-input": "required name=search_term_string" }, "sameAs": [ "https://www.facebook.com/euronews", "https://twitter.com/euronews", "https://flipboard.com/@euronews", "https://www.instagram.com/euronews.tv/", "https://www.linkedin.com/company/euronews" ] } ] }
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Australia votes on July 2 after PM Turnbull calls election

Australia votes on July 2 after PM Turnbull calls election
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By Euronews with Agencies
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No more speculation Australia goes to the polls on July 2.

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No more speculation Australia goes to the polls on July 2.

We are LIVE with kochie_online</a> and <a href="https://twitter.com/TurnbullMalcolm">TurnbullMalcolm. See what our PM has to say. Thoughts? #Sun7#Budget2016pic.twitter.com/oLhGRLIlHI

— Sunrise (sunriseon7) <a href="https://twitter.com/sunriseon7/status/727604471522459648">May 3, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script>Prime Minister Malcolm Turnbull made the announcement after Treasurer of Australia Scott Morrison delivered a voter friendly budget. <b></b> <blockquote class="twitter-tweet" data-lang="en"><p lang="en" dir="ltr">Rich get the benefits from <a href="https://twitter.com/ScottMorrisonMP">ScottMorrisonMP's tax reforms #Budget2016https://t.co/6zzsIhXGVipic.twitter.com/pY29fOEfKb— ABC News (abcnews) <a href="https://twitter.com/abcnews/status/727435263408906240">May 3, 2016</a></blockquote> <script async src="//platform.twitter.com/widgets.js" charset="utf-8"></script> <b></b>Multinational companies that move profits offshore to avoid tax will now be penalised. <b></b>Those guilty of such activities will pay a penalty tax of 40 percent instead of the usual 30 percent. <b></b>Turnbull claimed the budget was a long-term economic plan for Australia, not just an attempt to win votes. <b></b>The economy will be a major battleground in the election campaign as Australia attempts to diversify away from a mining boom now bust. <b></b>Climate change and trade union corruption in the Australian building industry will also feature. <b></b> <blockquote class="twitter-tweet"tw-align-center data-lang="en"><p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/qt?src=hash">#qt</a>: Smears: Now gutter politics from the PM who says lower-paid workers can&#39;t trust Bill Shorten <a href="https://twitter.com/hashtag/auspol?src=hash">#auspol</a> <a href="https://t.co/zVpyf2l4QX">pic.twitter.com/zVpyf2l4QX</a></p>&mdash; #PutLibsLast‼️ (johndory49) May 2, 2016

Before becoming the leader of the opposition Labor Party Bill Shorten was a senior official in the Australian Workers Union targeted by a government-commissioned inquiry into union corruption.

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