Australia Heads to Election in Showdown Over Taxes, Climate

  • Prime Minister Scott Morrison calls election for May 18
  • Conservative government faces battle to secure third term
Bloomberg’s Paul Allen discusses the key topics of Australia’s upcoming election.(Source: Bloomberg)
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Prime Minister Scott Morrison called Australia’s election for May 18, with polls showing he’s facing an uphill battle to prevent a shift in power to the left-leaning opposition Labor party.

The five-week campaign will be dominated by the stark policy differences between Labor and his Liberal-National coalition, which is vying for a third straight term. They include everything from cutting taxes to boosting wages to reducing emissions in one of the world’s worst per-capita polluters.