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.
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 are about to be hit with another major increase to their tax bill, but there are signs relief could be on the way.
It’s a common tax return mistake that too many Australians make – and it could be costing them thousands.
Income tax receipts gushed into Treasury coffers last year to a record high, fresh ABS data has revealed.
Despite repeated denials that an overhaul to the stage 3 tax cuts was not being considered, newly released documents have revealed otherwise.
A bitter fight has been reignited over a contentious carve up that the NSW government says will leave the state almost $12bn worse off.
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.
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.
The fitness industry is calling for a major tax change to give health conscious Aussies a helping hand.
The tax office’s approach to collecting $15 billion in tax debts has been slammed in a new report.
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.
The Sydney property developer, in his 30s, had just three weeks to pay back a staggering tax bill.
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.
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.
Ahead of a key meeting between federal and state treasurers, the Prime Minister has rubbished criticism of the GST’s controversial allocation.
Hundreds of PwC Australia staff have lost their jobs as part of widespread cuts made within the firm.
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.
The embattled Immigration Minister was peppered with questions after a detainee was arrested before police then dropped the charges.
Low and middle income earners will now receive additional tax relief come July 1 after a big win for Anthony Albanese.
The government has got its stage 3 tax cuts through the Senate, meaning they will be in people’s pockets from July 1.
Labor’s plans to co-purchase houses with first home buyers are in doubt as the Greens put pressure on Anthony Albanese.
One of Australia’s most controversial leaders will give his final words to Parliament.
Plans for a 7.5 per cent short stay accommodation levy are going ahead, but a loophole to avoid paying the tax has emerged.
No one likes seeing how much tax is taken out of their pay cheque, but there is one group of Aussies that say they’ve had enough.
NSW Premier Chris Minns has waded in on the negative gearing debate, with some federal politicians calling for an overhaul into tax concessions for investors.
Australia’s 12th tax commissioner gave a stern warning to taxpayers in his last major address before stepping down.
Prime Minister Anthony Albanese has inked a multi-billion dollar promise to the voters of WA and he wants a tattoo to prove it.
Queensland MP Bob Katter says his ‘split income’ tax model would exempt struggling families from paying income tax.
The jury trial of a construction boss accused of defrauding the Australian Taxation Office out of more than $13m has heard a warning about a ‘notorious’ case.
Anthony Albanese says he won’t be held to ransom by the Greens, as the minor party threatens to block a key policy unless the government does one thing.
Original URL: https://www.news.com.au/finance/money/tax/page/3