This Month
Chase has stalled in suspected $180m corporate fraud case
A liquidator has not been able to secure ATO funding to aid an investigation into a suspected tax fraud in the construction industry.
Meet the accountant linked to Sydney’s most infamous tax scammers
Filomena Kyriacou led an accounting firm that advised clients who avoided millions in tax, dealt with organised crime figures and was linked to some of the most infamous tax scammers in the country.
Family trusts may seek $1b in tax refunds after landmark decision
Family trusts incorrectly penalised by the Australian Tax Office should act now to lodge objections, lawyers say.
Australia’s $10b tobacco mistake that’s helping criminals thrive
Unless and until we pair our tobacco taxes with matchingly strong enforcement, we’ll keep failing to fight illegal tobacco and cut smoking rates.
January
Trump’s tax plans will send Aussie businesses to America
The promise of a US economic boom driven by lower taxes and deregulation is already starting to turn the heads of Australia’s business titans and entrepreneurs.
December 2024
The football club boss, drug-dealing director and $100m scam
A liquidator claims crane company boss Damon Hanlin may have controlled a tax fraud scheme that involved shadow directors and dishonest dealings.
November 2024
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.
October 2024
Virtical pub group’s alleged tax scam bill could top $50m
Leaked ATO audits reveal what could be one of the most brazen alleged tax scams in corporate history.
Juror misconduct probe flagged for Plutus tax fraud trial
Sheriffs will be asked to probe possible juror misconduct in the Plutus tax fraud trial, which ran for nine months and led to five people being jailed.
September 2024
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.
Alex found guilty of $10m tax fraud conspiracy
Construction identity George Alex has been found guilty of conspiring to defraud the tax office through his labour hire firms as his marathon six-month trial came to an end.
June 2024
Why you could be caught by the ‘wealth tax’ this year
Fast-rising wages and asset prices will leave more Australians facing Division 293 tax on their income and deciding whether to pay it from their super.
May 2024
Husic calls for lower corporate taxes
Minister for Industry and Science Ed Husic says the Labor government would consider revising the company tax rate.
Tax office moves on administrators in ‘$180m tax fraud’
The administrators of a formwork company involved in what could be the country’s biggest tax fraud are facing court action for reducing an $11 million payroll tax debt to just $1.
April 2024
Matt Comyn’s tax reform ideas don’t warrant breathless praise
Readers’ letters on the CBA chief executive’s tax proposals, why banking regulation is still needed, the lack of research on solar equality, GST fumbles, and calls for more gas.
March 2024
How I would fix Australia's productivity challenges: Comyn
CBA CEO Matt Comyn freestyles some ideas to change political terms and reform tax to turbocharge Australia's productivity.
How Australia can get on with the job of tax reform
A real estate agent would describe our tax systems as ‘a renovator’s delight’.
Experts concerned over ASIC’s lack of phoenixing prosecutions
Little has changed in illegal phoenixing since the $105 million Plutus tax fraud as the building industry is hit by a wave of tax-dodging schemes.
Couple who enjoyed $14m Sydney mansion accused of tax-dodging scheme
A husband and wife associated with a formwork subcontractor, and who once owned a $14 million trophy home, are facing claims they scammed the ATO of millions.
‘The cost of doing business’: A building sector at boiling point
After a series of alleged large-scale tax fraud in the construction sector, subcontractors in the building industry fear they can no longer compete as firms underquote.
February 2024
Britain, like Australia, has tough calls to make on tax
The Tories need tax cuts to revive their election prospects this year. But tax cuts might be unaffordable, and could keep interest rates higher for longer.
January 2024
CEOs ‘back tax summit 100pc’ but Chalmers unmoved
Wesfarmers boss Rob Scott, retailer Gerry Harvey and Virgin chairman Graham Bradley have backed a national summit to jumpstart debate on tax reform.
CEOs urge summit to break tax ‘malaise’
The country’s peak business group will attempt to jumpstart a moribund reform agenda with a national summit.
Tax scam proceeds used to back luxury club, car dealer, cannabis firm
Millions from an alleged $70 million fraud scheme were invested in a luxury club chain, a car dealership for the rich and a cannabis supplier, liquidators say.