February
Suckers like you will pay more tax to fund election bribes
The Canberra cash splash just delayed the timing of the next income tax cut by another five or six years.
‘Punishing’ tax system breaks budget law, ‘mugs’ the young: Henry
The former Treasury secretary has blasted Jim Chalmers and past treasurers for breaking the budget laws by failing to manage financial risks from an eroding tax system.
Greens target Gina Rinehart with new billionaire’s tax
Some 150 billionaires would pay an annual 10 per cent tax on their wealth, in the minor party’s latest move to target high-income earners and dramatically expand government spending.
January
Greens to push Labor on wealth, super and big business tax hike
The minor party could play a pivotal role after the next federal election and plans to go after “excessive profits”.
How 750,000 retirees are missing out on $850 a year
They are exposed to more than $635 million in extra tax annually due to confusing and ill-fitting laws that cover superannuation, Mercer says.
December 2024
Capital gains benefit spikes to $22.7b as property investors sell out
Treasury estimates forgone taxes from the capital gains tax discount in 2024-25 have more than doubled since the last estimate in February 2023.
November 2024
Australian expats mull leaving UK over game-changer tax rules
The new government’s first budget has changed the equation for many long-term Australian expatriates. They have until April 6 to escape the inheritance tax net.
Victoria lags the country on anti-business payroll tax
Treasurer Jim Chalmers will host a meeting of his state and territory counterparts on Friday, in a bid to boost productivity and drive investment.
The fastest-growing firms have one thing in common: AI
BlueRock’s Peter Lalor says the firm is using generative AI across the firm, while McGrathNicol’s Jason Preston is using the machine learning to identify patterns that humans would overlook.
Economists must climb down from ivory tower to win the tax debate
Only once the electoral popularity of taxation reform is improved can we expect politicians to stake their political capital for change.
Average tax refund revealed, and why you may receive ‘surprise’ bill
Bank depositors have had much to celebrate as rates have stayed higher for longer. But with more interest comes more tax. Here are some solutions.
Stage three tax cuts to be eliminated by bracket creep: PBO
The budget watchdog estimates the benefits of the tax cuts will be gone by the end of the decade as bracket creep drives personal income tax rates to a record.
ATO patience runs out as small business tax debt hits $35b
The Tax Office has warned it is taking a firmer approach to unpaid debts, after going easy on stretched small businesses during the COVID-19 pandemic.
October 2024
Ground zero: Why these voters could decide the US election
In one of America’s poorest counties in Pennsylvania, it’s the working class who could tip the balance in the race for the White House.
Costello backs negative gearing: ‘It’s not a concession’
Both the former treasurer and Opposition Leader Peter Dutton say negative gearing should be upheld as a basic principle of our tax system.
Government targets social media users who promote tax dodge schemes
Experts are being asked to weigh in as Canberra looks to deal with social media users encouraging others to take part in tax avoidance plans, as part of its response to the PwC tax leaks scandal.
How the ATO caught taxpayers cheating on ‘lifestyle’ assets
The Tax Office has provided The Australian Financial Review with exclusive details about some recent investigations.
Curtin bid is not a ‘Game of Thrones’ quest
Readers’ letters on WA Liberal candidate Tom White; how to halt Iran; AI’s double-edged sword; income tax hit; investor risks; divisive politics; and green steel.
September 2024
Income tax hits 25-year high in Chalmers’ surplus
The treasurer’s second budget in the black has been underwritten by the highest share of wages taxation since before the GST was introduced in 2000.
China stimulus should stabilise iron ore price, says resources minister
Resources Minister Madeleine King says China’s latest stimulus package was unlikely to push prices higher, but it should help arrest the one-third fall seen since the start of 2024.