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Tax avoidance

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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

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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
Crypto ATMs such as these are being used to launder money and scam Australian “money mules”.

Australians turned into money mules chasing crypto cash

Australia has the third-largest number of cryptocurrency ATMs in the world. They are being used to launder money for organised criminals.

  • Shane Wright
Apple's weak sales figures this week scared investors.

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.

  • Millie Muroi
A crackdown on the tax arrangements of oil and gas companies has delivered the federal budget a $4.3 billion windfall.

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.

  • Shane Wright
Tobacco excise is rising, but legal consumption of tobacco is falling off a cliff.

Budget bottom line goes up in smoke as black market reaps reward

Despite ever-increasing excise, tobacco taxes are falling short of forecasts and leaving a hole in the budget. Experts say a cut in tobacco tax may be needed.

  • Shane Wright
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Forget the argument over negative gearing. The capital gains tax concession needs change.

Never mind negative gearing – this is the real steal

Everyone seems to have an opinion on negative gearing, but the way the country taxes capital gains is costing a fortune and adding to house price pain.

  • Shane Wright
Consumers are still to go on a stage 3 tax cut spending spree. One of the issues may be efforts to recoup tax.

Tax attack could be next challenge for cash-strapped shoppers

Shoppers have yet to dip into their stage 3 tax cuts to boost spending. And they may face a new problem – the tax man.

  • Shane Wright
This Moonee Ponds tobacco shop has been torched three times.

Where there are smokes there are fires: Inside Victoria’s tobacco war

Property owners knowingly making money from an illicit source could find their income and the property subject to asset seizure.

  • John Silvester
There are too many people declaring income just under $250,000 to avoid Division 293 tax.

A bunch of ‘bunchers’: The tax-time trick the rich love to use

High-income earners are using trusts and self-employment to bring their “official” income down to avoid higher tax on their superannuation.

  • Shane Wright

Original URL: https://www.theage.com.au/topic/tax-avoidance-62x