Gross debt set to rise above $1 trillion
In a media blitz on Sunday morning, Treasurer Jim Chalmers has flagged key measures that will form part of the May 14 budget.
Tax
Spending, inflation top budget priority
Treasurer Jim Chalmers has been tasked with further reining in spending in the federal budget as the tight jobs market risks further inflation.
‘Failing’: Aussies dudded under GST plan
Under a controversial proposal to divide up the GST take between the states, NSW, Victoria and Queensland could be left billions of dollars worse off.
Answer to question every Aussie is asking
A major question about how a major overhaul to student debts will be handled has been answered.
Push to delay stage 3 tax cuts
Amid a resurgence in price pressures, households should wait a little longer to receive personal income tax cuts, some analysts have argued.
Grim reason rates can’t be cut
Slashing the structural deficit, easing inflationary pressures, and bolstering productivity must be priorities, the Paris-based organisation has argued.
‘Quirk’: Legal way to pay a lot less tax
A “quirk” in the Australian tax system means it’s possible to pay a lot less tax – to the tune of almost $30,000 a year.
‘No way’: Man hit with insane $52 billion bill
A man was left in shock after receiving an official letter from the government informing him he had racked up a $52 billion bill.
Australia tops global income tax surge
With bracket creep fuelling record tax collections, fresh data has revealed Australia’s personal income tax burden grew faster than any other advanced economy last year.
Young Aussies slugged with $1k bill
Young Aussies are about to be hit with another major increase to their tax bill, but there are signs relief could be on the way.
Tax mistake five million Aussies make
It’s a common tax return mistake that too many Australians make – and it could be costing them thousands.
Aussies hit with record $300bn tax bill
Income tax receipts gushed into Treasury coffers last year to a record high, fresh ABS data has revealed.
Truth about stage 3 tax cut shake-up
Despite repeated denials that an overhaul to the stage 3 tax cuts was not being considered, newly released documents have revealed otherwise.
State’s threat to Albo on $12bn tax blow
A bitter fight has been reignited over a contentious carve up that the NSW government says will leave the state almost $12bn worse off.
Secret tax trick of the mega wealthy
It’s a tax trick usually used by the ultra rich but this hack could benefit everyday Aussies to the tune of $34,000 or more.
Tax scheme ‘feasting on vulnerable people’
A small group of Australians claiming to have found a loophole in the tax system have drawn attention from the ATO, with experts warning about falling into the trap.
Push for tax-free gym memberships
The fitness industry is calling for a major tax change to give health conscious Aussies a helping hand.
‘Traumatic’: ATO’s $15 billion tax surprise
The tax office’s approach to collecting $15 billion in tax debts has been slammed in a new report.
Fresh push for cut to real wages
A key business group has claimed the generosity of previous wage hikes and cost pressures on small businesses mean some workers should have to stomach a real wages cut.
34-year-old’s eye-watering bill from tax office
The Sydney property developer, in his 30s, had just three weeks to pay back a staggering tax bill.
Simple way to save $13,588 in tax per year
Most Aussies have debt and there’s a clever way to use that debt to save thousands in tax each year – you just need to know how.
Airbnb backs short-term rental tax
Accommodation platforms Airbnb and Stayz have backed a short-term rental tax for NSW, similar to one being introduced in Victoria, but with one key difference.
Albo hits out at states over GST complaints
Ahead of a key meeting between federal and state treasurers, the Prime Minister has rubbished criticism of the GST’s controversial allocation.
PwC Australia cuts 366 staff
Hundreds of PwC Australia staff have lost their jobs as part of widespread cuts made within the firm.
One new tax Aussies won’t be paying
As more and more Australians turn to aged care, there are questions about how the country can afford it. One option is off the table.
Shock twist following detainee’s arrest
The embattled Immigration Minister was peppered with questions after a detainee was arrested before police then dropped the charges.
‘Good day’: Tax cut boost for 11m Aussies
Low and middle income earners will now receive additional tax relief come July 1 after a big win for Anthony Albanese.
Win for Albo as stage 3 tax cuts pass
The government has got its stage 3 tax cuts through the Senate, meaning they will be in people’s pockets from July 1.
Albo’s major housing promise under threat
Labor’s plans to co-purchase houses with first home buyers are in doubt as the Greens put pressure on Anthony Albanese.
Scomo gets ready for final goodbye
One of Australia’s most controversial leaders will give his final words to Parliament.
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