NewsBite

Income tax

Advertisement
President Donald Trump has imposed, then paused tariffs on Canadian, and Mexican. Tariffs on Chinese goods have been announced while tariffs on the EU have been threatened.

Trump wants lower interest rates. His tariffs won’t help

Less than an hour after Trump declared that lower interest rates would go “hand in hand” with his tariffs, poor US inflation data saw the prospects for rate cuts diminish.

  • Stephen Bartholomeusz

Latest

Treasurer Jim Chalmers said Australians would have been facing much more pressure under Peter Dutton.

Hooked on sugar-hit policies, we keep ignoring the tax elephant in the room

It’s been 25 years since a government sold tax reform to Australians. The time has come for them to try again.

  • Rachel Clun
The lack of fanfare over the government’s successful stage 3 tax cuts says a lot about Australian’s money saving habits.

Stage 3 tax cuts are a smash success, so why aren’t we more thankful?

The lack of fanfare over the government’s successful stage 3 tax cuts says a lot about Australians’ saving habits.

  • Victoria Devine
The federal budget is improving from where Jim Chalmers had expected, but it is still on track to end up in the red.

Extra tax boosts bottom line, but spending leaves budget in the red

Jim Chalmers, after back-to-back surpluses, forecast a $26.9 billion deficit this year. Despite better tax collections, the budget is still awash with red ink.

  • Shane Wright
The ATO is cracking down on landlords who don’t declare, or incorrectly declare, rental income.

The ATO’s new move to claw back more than $1b from dodgy landlords

Landlords who have made mistakes on tax returns could face thousands of dollars in fines and interest on top of repaying unpaid tax.

  • Jim Malo
Super.

This super strategy can help you avoid the ‘death tax’

If you’re not careful, the money you still have in super could be significantly taxed once you die.

  • Nicole Pedersen-McKinnon
Advertisement
There has been a surge in the number of people using trusts to help manage their tax affairs.

Never mind negative gearing. Australians pushed $67b through this tax vehicle

The record amount has flowed through a growing number of trusts to help Australians, mostly high-income earners, reduce their tax bills.

  • Shane Wright
2024 Archibald Prize winner Laura Jones with her portrait of writer Tim Winton.

NSW wants all ‘reasonable ideas’ on ditching taxes for artists

Win the $100,000 Archibald prize and you’ll pay a sizeable chunk in tax. But bet on the winner and you’ll keep the lot. The NSW arts minister hopes to change that.

  • Linda Morris
Nvidia CEO Jensen Huang at the Dreamforce conference in San Francisco.

How one of the world’s richest men could pull off a mega-tax dodge

The 10th-richest person in the US is worth $127 billion and is on track to pass on much of his fortune tax-free.

  • Jesse Drucker
People will be able to claim a tax deduction by rounding-up their morning coffee under changes to donation law.

Rounding up for charity at the register? Soon you’ll be able to claim it on tax

The $2 minimum for tax-deductible charity donations has been in place since 1927. Now the government plans to remove it.

  • Shane Wright

Original URL: https://www.smh.com.au/topic/income-tax-5yk