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The global giants costing Australia billions of dollars hit with a reality check

The global giants costing Australia billions of dollars hit with a reality check

They may not be breaking the law, but the taxes multinationals pay are not proportional to the profits they are raking in. That’s something laws passed earlier this week seek to change.

  • by Millie Muroi

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Crackdown on oil and gas giants delivers nation billions in extra tax

Crackdown on oil and gas giants delivers nation billions in extra tax

A long-term effort by the ATO to get more tax out of the oil and gas sectors has paid dividends that are likely to deliver billions of dollars in extra revenue.

  • by Shane Wright
‘Problematic’ gambling company tax breaks on Chalmers’ radar

‘Problematic’ gambling company tax breaks on Chalmers’ radar

Treasurer Jim Chalmers has indicated the government will tighten its focus on gambling companies’ use of R&D tax credits, which can total tens of millions.

  • by Millie Muroi
‘Where are the garments?’: High-end boutique Harrolds took deposits weeks before $16 million collapse
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Insolvency

‘Where are the garments?’: High-end boutique Harrolds took deposits weeks before $16 million collapse

The Australian luxury retailer owes more than $16 million to a string of fashion houses from Paris to New York, but was still importing stock and taking deposits just weeks before its collapse.

  • by Cameron Houston
The hundreds of millions in tax incentives for Australian start-ups that went south
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Funding

The hundreds of millions in tax incentives for Australian start-ups that went south

The R&D tax offset has served as a life raft for some of Australia’s most prominent technology start-ups, though in some cases it wasn’t enough.

  • by David Swan
How much payroll tax on private schools is driving up fees – and the battle to stop it

How much payroll tax on private schools is driving up fees – and the battle to stop it

High-fee private schools are pressuring the state government to reverse its decision to charge a payroll tax, by telling parents they have no choice but to pass the extra cost on.

  • by Bridie Smith
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Hey, big spenders: The most profligate election campaign in US history

Hey, big spenders: The most profligate election campaign in US history

Donald Trump and Kamala Harris are announcing new big-ticket election promises almost daily. Harris’ agenda appears less unaffordable than Trump’s.

  • by Stephen Bartholomeusz
Do big miners pay their fair share?
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Mining

Do big miners pay their fair share?

Described as “the gift that keeps on giving”, Australia’s mineral wealth has made mine owners into multibillionaires. But at a time when we pay to import our own gas, are the spoils being shared fairly?

  • by Angus Holland
Adam Bandt pledges to supersize corporate taxes

Adam Bandt pledges to supersize corporate taxes

To sweeten the deal, the Greens say much of the revenue would pay for cost-of-living measures, such as including dental cover in Medicare.

  • by James Massola
Tax breaks for distilleries open to ‘rorts and abuse’, government warned

Tax breaks for distilleries open to ‘rorts and abuse’, government warned

Medium-sized distilleries say tax breaks for small spirits producers are an “existential threat” to their businesses.

  • by Andrew Taylor
Hey Big Spender! How Trump plans to step up America’s debt binge

Hey Big Spender! How Trump plans to step up America’s debt binge

The Republican Party’s platform for the November election is a 16-page document containing 20 policy measures. Oddly, there’s no word of debt or deficits anywhere.

  • by Stephen Bartholomeusz

Original URL: https://www.brisbanetimes.com.au/topic/company-tax-5vy