Libs grilled over tax cut backflip
Shadow Treasurer Angus Taylor has been questioned on the Coalition’s tax backflip after Peter Dutton ruled out tax cuts over a fortnight ago.
Tax
Push for ‘bed tax’ in Aussie state
A group of Queensland mayors have proposed a new bed tax for tourists, slugging them an extra levy for staying the night.
‘Eye candy’: ‘Election’ budget slammed
Other than the Medicare investment, there is a general consensus the federal budget falls short and leaves a lot of Australians behind.
Albo declares war on vapes, dodgy cigs
The federal government has declared war on the black market tobacco trade as hundreds of tobacconists pop up in Sydney and Melbourne.
Aussies to get $5-a-week tax cut
Jim Chalmers has revealed plans to put pennies back in every Australian’s pocket, in a budget night speech marked as much by what was not said than was.
Health, energy bill relief in federal budget
Aussies struggling with power bills and the cost of medicines should be among the biggest winners from Tuesday’s federal budget.
‘Everyone loses’: Expert’s dire tax warning
An Australian economist has sounded the alarm over a proposed change to tax that could end up leaving everyone worse off.
22yo’s rude tax shock after landing 9-5 job
A young Aussie has sparked a debate by sharing the tax horror she’s dealing with now that she works full-time.
ATO’s warning to one group as tax time looms
The Australian Taxation Office has announced its hit list for businesses ahead of tax time, as it looks to crack down on dodgy practices.
‘Can’t blame us’: Albo freezes beer tax
Labor has promised a two-year pause on a much-hated “beer tax”, but that doesn’t mean the price of beer is coming down.
Half cost of new house goes to tax, report
Huge chunks of the cost of building a new home are being eaten up by taxes and red tape, new analysis shows.
$17k-a-year school collapses owing millions
An expensive Christian college now in voluntary administration is facing legal action for failing to pay staff on time.
‘Not an adult’: 35yo’s tax bill fury divides
A hardworking Aussie has taken to social media to share her fury over an eye-watering tax bill that has left her feeling “punished”.
Push to hit Aussie billionaires with super tax
The Greens are leading the call to force Australia’s richest people to pay a “billionaires’ tax” that they claim could rake in nearly $25bn in four years.
Aussie industry blasts ‘outrageous’ price hike
Industry leaders have taken aim at the government as the latest alcohol price excise kicks in today, with the tax branded “un-Australian”.
Fresh calls to ditch hidden booze tax
The price of a pint will rise again next week, sparking new calls to remove the tax amid concerns it only punishes both producers and pub-goers.
How young Aussies can get $1321 boost
Applications are now open for young Aussies to get a tax-free $1321 cash boost, but there’s a catch.
Dutton hits back at lunch scheme dig
Peter Dutton has hit back at recent criticism of an Opposition election pledge to give small businesses $20,000 of tax-deductible lunches.
‘Every taxpayer’: Tax cuts to soar
Chances are your tax cut will be even bigger next financial year, it is claimed.
Aussies will get $1888 tax cut this year
There’s some great news for us struggling with the cost of living as the average Aussie is set to get a big tax break.
Key thing cash-strapped Aussies ditching
As mounting cost of living pressures put more strain on budgets, cash-strapped Aussies are cutting back on little luxuries just to save a bit more.
RBA’s major clue on next rates decision
Struggling Aussie homeowners could get a rate cut sooner rather than later as the Reserve Bank says it is “increasingly confident” about a reduction.
‘Unfinished business’: Super tax hike looms
Jim Chalmers is eyeing changes to concessions on high-value superannuation accounts, after it was revealed the tax break will cost the government $55bn this year.
‘Game changer’ for millions of Aussies
One of Australia’s leading tax directors has hailed a massive HECS relief package as a “game changer” for millions of people struggling with the crippling debt.
Group running out of cash every month
Some people from one cohort are reporting having to steal essential items more frequently to survive the cost-of-living crunch.
91 per cent chance of this interest rate call
The RBA board will meet on Tuesday and announce the final cash rate decision for 2024 later in the day.
Big call for tax change on super
Calls for a major overhaul of the current superannuation system to make it fairer for all working Australians.
Chart reveals why Australia is screwed
Australians are getting poorer and a leading economist has produced a simple chart that shows why.
ATO tax fail as sister gifted 80yo $33m
An elderly supermarket matriarch in Vanuatu sent her Australia-based brother nearly $33 million in gifts. The ATO wasn’t happy.
$2.3bn in lost Aussie cash up for grabs
Aussies may be entitled to a share in billions of dollars’ worth of “unclaimed money” accumulated over the years. Here’s how you can find out if you’re eligible.
Overworked Aussies ‘ripped off’ $91bn
Australians have the legal right to put their work phone on ‘do not disturb’ during out of office hours, but bosses are ignoring these new laws.
Dutton’s backflip on tax cuts for rich
Opposition Leader Peter Dutton has appeared to shy away from a previous claim about tax cuts for high-paid Aussies.
Dutton walks back tax breaks for the rich
Peter Dutton walked back previous comments that indicated the Coalition would go to the election with a tax plan targeted at high-income earners.
Minister defends slashing student debt
The Federal Government has defended its new student loan discounts amid accusations of the policy being “elitist” and attempting to buy votes amid high inflation levels.
Urgent warning for more than 1.5m Aussies
More than a million Australians are facing fines of more than $300 if they fail to act ahead of a major deadline.
72-hour warning as tax deadline looms
A huge amount of Aussies are still yet to file their tax return despite the threat of a hefty fine, and there are just days until the deadline.
Surprise surge in Aussie cash use
Amid rampant bank branch and ATM closures, new figures have revealed a surprising turn in the use of cash across Australia.
Big bank’s surprise Stage 3 tax cut reveal
Aussies have pocketed $6.4bn in extra income since July’s Stage 3 tax cuts, but what we’re doing with it might come as a surprise.
‘365 days’: Man’s huge tax return claims
An Aussie IT specialist claimed he worked from home every day of the week and almost all of his car trips were job-related.
‘Manifestly clear’: Vow on negative gearing
Senior ministers are making fresh vows on negative gearing amid reports of a push to change the tax benefit within Labor.
Tax deadline looms for millions of Aussies
Millions of Australians are being warned time is almost up to do their tax as they face the possibility of up to $1500 in fines.
Urgent tax warning as millions risk $330 fine
Millions of Aussies who have not yet filed their latest tax return are being urged to act quickly to avoid hefty penalties.
Shorten, Dutton get into slugging match
Bill Shorten and Peter Dutton have traded blows over a key tax benefit for property owners that continues to be questioned.
‘Property investor’ Albo blasted on housing
The Greens have again taken aim at Anthony Albanese over his government’s stand on a key tax benefit for property owners.
Smart way to save a ‘serious amount of tax’
It’s one of Australia’s favourite money strategies, and with very good reason, because it can save you a huge pile of cash.
‘Full of ideas’: Tax issue Albo remains coy on
Prime Minister Anthony Albanese appeared to refuse to rule out changes to a tax benefit following reports modelling is being undertaken on reform.
Aussies urged to check for unclaimed cash
There is $17.8 billion in unclaimed cash, the ATO says, and some of it could be yours.
Smart way to save $16k in tax
Most people don’t realise there’s a huge opportunity right under their nose that can give you cash to invest – and some extra dollars to spare.
‘He was wrong’: Lib rebuked over GST call
Senior Liberal frontbencher Michaelia Cash says a colleague should not have said they were prepared to punish NIMBY states by reducing their GST revenue.
GST attack ad targets Dutton in key state
Amid Prime Minister Anthony Albanese’s WA visit, Labor claims Opposition Leader Peter Dutton would scuttle a deal costing the state billions.
Wild bid to tax big Aussie companies more
Greens Leader Adam Bandt is announcing a new Robin Hood tax policy to force Australia’s biggest companies pay more tax on their profits.
One group keeping cash alive in Australia
A new report has made surprising findings about the use of cash and the number of businesses accepting cash in Australia.
PM’s ‘cost of living joke’ backfires massively
Prime Minister Anthony Albanese has faced backlash following a cost of living ‘joke’, with some calling for his media team to be sacked.
‘Let this be a lesson’: 22yo’s tax bill warning
A young Aussie has issued a warning to her fellow Gen Z workers after being hit with a brutal tax bill because of one mistake she made during the year.
Note you don’t want to see on tax return
If you lodge your tax return and see this note from the ATO, then you could be in for a very “disappointing surprise” this tax time.
Repayments don’t stop after HECS paid off
A common mistake has taxpayers continue to have money withheld from their pay even after their HECS debt is paid off.
’Crippled’: Grim reality of new beer tax
The price of a schooner is expected to increase yet again, putting pressure on Australian breweries “crippled” by a cost of living crisis.
Tax trick to save you $17k each year
It’s the most common tax structure used by those looking to build a serious level of wealth, so here’s what you need to do in order to save heaps.
24yo horrified by return after tax estimate
A young Aussie has revealed she’s unhappy with her tax return because she feels “lied too”, with her rant dividing opinion online.
’Extra vigilant’: Warning to taxpayers
Taxpayers who mix business and leisure are being warned to avoid these mistakes as the ATO hones in on one type of expense this tax season.
‘I didn’t know’: Tax trend blindsiding Gen Z
A 21-year-old full-time worker has taken to social media to ask if her tax return is “normal”, exposing a shocking trend among Gen Z Aussies.
Property investor slams ‘boomer bashing’
A property investor has slammed young Australians for “boomer bashing”, claiming it’s not easy to be a landlord.
Warning as tax scams on the rise
Authorities have warned taxpayers to be aware of tax scams targeting Aussies as they submit their tax returns.
‘Want to cry’: Aussies hit by rude tax shock
Multiple Aussies expecting a welcome cash boost this tax time have been left horrified after finding out they owe the ATO thousands instead.
Problem with big tax returns revealed
An Australian tax expert has revealed why getting a big tax return this year is nothing to boast about.
Aussies issued July 14 tax return warning
If you’re one of those Aussies who always rushes to lodge their tax return as early as possible, there is a big reason you may want to hold off this year.
‘A joke’: ATO slammed over tax queues
Aussies rushing to lodge their tax refunds have slammed the Australian Taxation Office as a “joke” over major website delays.
How your pay packet will change from today
Treasurer Jim Chalmers outlines the changes coming into effect today that will help “every Australian up and down the income scale”.
One change to save you at tax time
Most people only start seriously thinking about their tax bill after the financial year is over. Change things up and reap the rewards.
‘Hit the sweet spot’: PM’s pledge on economy
Anthony Albanese says a range of measures coming into effect on Monday will help Australians with the cost of living and help ease inflation.
Tax expert reveals hidden tricks
They’re the everyday items and costs you might not realise you can claim at tax time and an expert has revealed his top 10 tips for getting the most out of your return.
‘I’m shaking’: Brutal 2024 tax return warning
If you’re one of the many Aussies who were hit with a surprise bill after lodging your tax return last year, we have some bad news for you.
Aussies warned over major tax mistake
Experts are warning ATO impersonation scams are on the rise ahead of the end of financial year.
Tax cut to save Aussie homeowners $75k
Upcoming tax cuts will put a wad of cash in every Australian’s pocket, but there’s a way you can turn it into a life-changing sum of money.
Big tax-time warning for Aussies
Aussie taxpayers have been warned about one common mistake that could cost them ahead of July 1.
Group getting $3k tax cut revealed
Jim Chalmers has amped up his tax cut sell, revealing the group of Aussies expected to pocket an average of $3000 amid renewed concerns on the inflation fight.
Most overlooked tax deductions revealed
Most people get less tax back in their refund than they should because they don’t claim all they’re entitled to. This is what you need to know.
Millions of Aussies to score $1288 payment
The cost of living crisis is hurting but there is some relief coming real soon.
Which generation has it worst revealed
A viral video has revealed life in Australia is ‘the hardest it’s ever been’ for one generation – sparking a fiery debate about who has it worse.
How to make loads of money from July 1
The average Australian will soon save $2143 every year from tax cuts and if you’re smart, this is what you’re going to do next.
Original URL: https://www.news.com.au/finance/money/tax