Yesterday
Do you know this week’s news? Answer these 10 questions
Have you been paying attention this week? Test your knowledge across politics, business and world news.
- Daniel Arbon
September
- Exclusive
- Insolvency
John Palasty jumps from Virtical’s sinking ship
The developer is trying to distance himself from Virtical’s collapsing empire, stepping down and selling his shares to a director of multiple failed companies.
- Max Mason, David Marin-Guzman and Larry Schlesinger
- Exclusive
- Pubs
ATO found pub empire made ‘fictitious’ GST refund claims
Virtical Group made false claims for millions in GST refunds based on invoices for construction that did not happen on property it did not own, the tax office has found.
- David Marin-Guzman, Max Mason and Larry Schlesinger
August
The ATO has this overlooked property tax in its crosshairs
Small-scale property developers need to be aware that GST is applicable in certain circumstances. Read the 10 tips for mum and dad developers.
- Duncan Hughes
July
Private credit crackdown; Tension at Olympics; Musk dares doubters
Read everything that’s happened in the news so far today.
Saul Eslake’s one-man mission to undo the GST deal – and make WA pay
The Tasmanian economist has drawn the ire of an entire state with his campaign to reverse “the worst public policy decision of the 21st century”.
- Myriam Robin
June
- Analysis
- NSW budget
NSW budget shows a $6b GST hit, but Mookhey says it’s double
NSW Treasurer Daniel Mookhey insists the state budget has been “ripped off” $12 billion in GST, even though his budget papers show a shortfall of half that amount.
- John Kehoe
- Exclusive
- NSW budget
The secret reason behind NSW’s ‘nonsense’ claim on $12b GST shortfall
NSW’s AAA credit rating is on the line. The federal government, other states and rating agencies believe NSW made an error forecasting GST revenues.
- John Kehoe
May
Investors to be stung by $250m in new advice fees
A tax office ruling will see investors pay 7.5 per cent more for advice obtained from super funds and platforms, despite government moves to cut advice costs.
- Michelle Bowes
Tax reform needed to break Australia’s economic inertia: think tank
The Blueprint Institute says the Australian economy is in a state of inertia and needs ambitious tax reform, calling for more focus on consumption, land and resources.
- Tom McIlroy
WA GST deal to cost federal taxpayers $53b and rising: budget
The deal will cost $44 billion more than originally promised, but neither side of politics dares change it for fear of losing seats in the west.
- Phillip Coorey
Readers want government to cut debt, rein in spending
Almost 60 per cent readers want Treasurer Jim Chalmers’ federal budget priority to either reduce debt or reign in government spending in this year’s budget - but another 24 per cent want cost-of-living relief to be the focus.
- Edmund Tadros
The instigator of WA’s GST deal says it is failing
Colin Barnett says there was no need for the prime minister to lift WA’s minimum GST “floor” from 70¢ to 75¢ in the dollar, as is set to occur from July.
- John Kehoe
March
- Opinion
- Opinion
Why the GST fiasco won’t be fixed
Fights about the distribution of GST revenue aren’t just about the money – they also reflect the political death of major tax reform. It’s a policy fiasco.
- Jennifer Hewett
Slash income tax, lift GST and levy tech giants: Comyn’s growth fix
Commonwealth Bank’s chief executive is advocating the changes as one way to turn around a forecast long-term economic slowdown.
- John Kehoe
- Opinion
- Opinion
NSW needs to lead the charge on reforming GST share-out
Predicting what will come out of the GST distribution methodology is like cracking the Enigma code. But small states have a vested interest in keeping the status quo.
- Robert Carling
- Opinion
- The AFR View
GST system is paying for lost principles
The GST formula was meant to take the politics out of the system. Now we should be asking if the incentives were wrong in the first place.
- The AFR View
‘Mathematically challenged’: States’ spat over GST gets personal
Even states such as Victoria and Queensland that would probably benefit from NSW’s push to distribute GST on a per-person basis say the proposal is unfair.
- Michael Read, Gus McCubbing and John Kehoe
NSW push to ditch GST formula
NSW Premier Chris Minns wants to tear up the nearly 50-year-old system of distributing federal tax money between states after claiming to be dudded in the latest GST carve up.
- Updated
- Michael Read
- Opinion
- Opinion
Loser Victoria shouldn’t be a GST winner
Any federal government that’s serious about reforming Commonwealth-state relations would stop rewarding Victoria’s disastrous financial mismanagement.
- John Roskam