This Month
The $10b surprise in Labor’s super tax
Labor’s new superannuation tax is complicated. But a big surprise is you need to be at the top of the Rich List to pay the full headline 15 per cent rate.
High Court grants ATO lifeline in $1b family trust case
The Tax Office can appeal in a dispute over the taxation of family trusts, placing a cloud over taxpayers’ ability to claim around $1 billion in refunds.
How the ATO knows if you’re cheating on your taxes
Thanks to its data matching work, big brother is watching, and in this case, big brother is the Australian Taxation Office.
5 red flags the ATO is looking for in your tax return
Outrageous work-related and rental property claims are among the things the Tax Office will be on the hunt for at the end of this financial year.
Creditors divided as StrongRoom sale D-day arrives
The fate of the disgraced pharmaceutical software start-up rests on the outcome of a high-stakes meeting on Thursday.
May
ATO loses $1b tax dispute with Alcoa as US companies play hardball
The ATO has lost its long-running stoush with the aluminium giant, just one of several battles Canberra is waging with US companies over tax.
ATO puts wealthy families on notice over $3m super tax
The new tax is not yet law but the ATO wants to understand the “behavioural responses” to the planned tax that might already be occurring.
WiseTech directors have more than $2b sitting in SMSFs
Charles Gibbon and Michael Gregg are the billionaire poster boys of self-managed super funds as the government seeks to crackdown on them.
Why auditors fear Labor’s $3m super tax
SMSFs affected by the proposed $3 million super tax will pay more for valuations, audits and accounting services, and are more likely to end up in legal disputes.
Ex-QIC private equity principal backs new R&D funding entrant
The Sunshine Coast-based firm has raised just north of $27 million funding round.
The family trust blunder that could send you bankrupt
The tax office is scrutinising family trust distributions dating back decades. Some trustees have been shocked to receive bills worth hundreds of millions of dollars.
The stage of life Australians can’t afford to ignore
Kate Carnell says federal funds for end-of-life planning would reduce costly hospitalisations and prevent unnecessary suffering.
April
‘It’s all pervasive’: ATO’s blitz on family trusts threatens financial ruin
Wealthy families are being hit with bills for unpaid taxes and penalties worth hundreds of millions of dollars.
uComms (kind of) collapses, owing hundreds of thousands of dollars tax
The controversial polling firm, which has worked for Climate 200 and others, sold its brand and assets to a company that was half-owned by its founder.
Our tax system is a dog’s breakfast. Here’s a 3x3 blueprint to fix it
Three “maxims” to guide the changes. Three “no-regrets” steps either side of politics could institute right away. And three “big-picture” medium-term measures.
‘Feels like the commissioner is sitting at the kitchen table’
What was once a relatively simple formula has become a maze of complex decisions with potentially severe tax consequences.
Bankruptcy catches up with accountant linked to tax fraudsters
Filomina Kyriacou – linked to some notorious tax fraudsters – has avoided tax debts and unpaid loans worth nearly $4 million by declaring herself bankrupt.
Redundancies at StrongRoom AI amid fire sale; eyes on CEO
All eyes are on co-founder Max Mito, a defendant in a court case filed by EVP, who is expected to table a bid to buy back the business at cents in the dollar.
From a Moroccan villa to the courtroom: how StrongRoom AI’s good times went bad
Court filings that allege fraud at the tech start-up paint a picture of company funds being used to fund a lavish lifestyle of foreign trips and fine dining.
March
ASX dives 1.4pc; Nine backs $2.8b Domain sale; 5 big market risks
Read everything that’s happened in the news so far today.