It is likely to attract some criticism as the government will proceed with scrapping the Low Income Superannuation Contribution, which pays up to $500 on top of employer contributions made to superannuation for workers earning below $37,000 a year.

The decision is one of nearly 100 tax changes previously announced by past Labor and Liberal governments, dating back a dozen years.

Federal cabinet has signed off on an ambitious agenda of taxation law deck-clearing to end what it has called ‘‘massive operational uncertainty for business and consumers’’.

But the decisions will come with costs either in financial terms, where revenue is to be forgone, or in political terms, where the Coalition has elected to bank the money despite previously criticising the taxes.

One such case is expected to be the dramatic increases in federal tobacco excise amounting to a 60 per cent rise over four years and returning $5.2 billion to Canberra in revenue.