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Tax reform

This Month

Treasurer Jim Chalmers.

Chalmers digs in on negative gearing advice

Treasurer Jim Chalmers again hedged when questioned if he had asked officials to model changes to tax concessions for property investors.

  • Updated
  • Tom McIlroy

September

Moves to curb campus antisemitism risk academic freedom

Readers’ letters on potential risks to university independence; reforming the NDIS; InfraBuild’s finances; and the political cost of tax reform.

Bill Shorten says Labor will not take changes to negative gearing and capital gains tax to the next election.

Labor won’t pursue negative gearing changes, Shorten predicts

The former Labor leader says he is sure the government won’t take changes to property investor tax breaks to the next election.

  • Phillip Coorey
Prime Minister Anthony Albanese and Treasurer Jim Chalmers.

Labor’s smoke and mirrors on housing

Jim Chalmers and Anthony Albanese face much tougher questions about their economic agenda than the confusion about negative gearing and capital gains taxes.

  • Jennifer Hewett
Former Treasury secretary Ken Henry, author of the 2010 tax reform report, says the inertia of the past 15 years is an intergenerational tragedy.

A plea for genuine reform from a young taxpayer

Readers’ letters on the lack of meaningful policy thinking; misleading discounts; the plague of populism; training for accountants; attacks on Hezbollah; and Gina Rinehart’s email.

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From left, BCA CEO Bran Black, PM Anthony Albanese and BCA president Geoff Culbert.

Three ideas to sharpen up the Business Council of Australia’s act

Curiously, given business bangs on about innovation all the time, the BCA has failed to get the memo.

  • John Kunkel
Anthony Albanese on the hustings in Tasmania on Wednesday

PM yet to be convinced housing tax changes won’t hurt supply

The prime minister says Treasury is looking at ways to curb the use of negative gearing and capital gains tax, but it wasn’t his idea.

  • Phillip Coorey
Prime Minister Anthony Albanese is questioned over negative gearing in Launceston.

Albanese confirms negative gearing and CGT options under review

The prime minister says Treasury is looking at ways to curb their use, but refused to say whether it is at the federal government’s request.

  • Phillip Coorey

How much tax people will pay under Labor’s super changes

Self-managed superannuation fund members with big balances will face an average tax bill of $50,000 under the government’s plan.

  • Michelle Bowes
Gina Rinehart proved her entrepreneurial skills with the development of the Roy Hill mine.

Gina Rinehart continues her father’s tax crusade

After years railing against the burden of government regulations, the iron ore billionaire is winning support for another key policy passion – lower taxes for northern Australians.

  • Tony Boyd

With tax reform, there’s too much diagnosis and too few solutions

Readers’ letters on a better tax system; mortgage brokers; climate change; tradies’ pay; unpaid super; David Rowe’s cartoons; and the best auction tip.

August

Labor’s flagship Future Made in Australia legislation is now before the Senate.

Rent seekers flock to Future Made in Australia honeypot

Readers’ letters on knowing the true cost of Labor’s industry policy; new rules for tax agents; criticism of the AICD; and banks cutting term-deposit interest rates.

A group of financial advice and accounting industry lobbyists say farmers may be forced to sell property under Labor’s current tax proposals.

This simple change could solve Labor’s super tax problem

Financial advisers and accountants have launched a united front in trying to get Labor to drop the controversial policy increasing the tax paid by the richest super fund members.

  • Hannah Wootton
Former PwC Australia general counsel Meredith Beattie and former PwC Australia CEOs Luke Sayers and Tom Seymour.

The Tax Office goes to war with Seymour as Sayers goes big

While PwC tax divisions was mired in a paper war with the ATO, it transformed from a conservative accounting firm to hard-charging, hard-drinking company.

  • Edmund Tadros

July

Treasurer Jim Chalmers and Assistant Treasurer Stephen Jones came up with the policy on the run.

Why the $3m super tax has turned into a mess

It may seem hard to argue against making people with high superannuation balances pay more tax, but implementing it is a dog’s breakfast.

  • John Kehoe
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Former NSW premier Dominic Perrottet.

Dominic Perrottet to join BHP in senior Washington role

The former NSW premier will join the Big Australian in Washington, heading up the miner’s external affairs in the United States.

  • Tom Rabe
Australia could impose the broadest country-by-country tax reporting rules for multinationals anywhere in the world.

Labor urged to include tax havens in profit shifting crackdown

About 50 per cent of large US companies and multinationals from China, Japan, and Germany will be covered by the rules.

  • Tom McIlroy
Only Colombian businesses face a higher tax rate than Australian firms, prompting economists to warn the uncompetitive tax system is making workers poorer.

Only one country has a higher company tax rate than Australia

Economists say the effective average tax rate of 28.5 per cent on company income makes the country uncompetitive against global rivals and workers poorer.

  • Michael Read

June

Suburbs such as Double Bay in Sydney’s inner east have among the highest rates of residents with more than $3 million in super.

The areas most – and least – hit by Labor’s $3m super tax

Australians with super balances of more than $3 million are less likely to live in rural areas, according to new analysis, despite concerns about the tax focusing on farmers.

  • Hannah Wootton
The top 1 per cent of earners paid a fifth of all income tax.

Top earners and companies bear record tax burden

Newly released ATO data reveals the top 1 per cent of earners are forking out almost one-fifth of personal tax revenue.

  • Michael Read and Tom McIlroy

Original URL: https://www.afr.com/topic/tax-reform-1mpw