Income tax
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.
- by Shane Wright
Latest
Exclusive
Performing arts
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.
- by Linda Morris
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.
- by Jesse Drucker
Exclusive
Charity
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.
- by Shane Wright
‘Sad economy without hope’: Deepest hit to living standards on record
Treasurer faces questions about his ability to manage economy as public spending props up national accounts.
- by Shane Wright and Millie Muroi
Opinion
Ask an expert
How do I give $200,000 to my grandkids while saving tax and keeping my pension?
When it comes to gifting money to your grandkids, you need to think carefully about tax implications – for both you and them.
- by Noel Whittaker
Opinion
Tax reform
Why tax reform is the national debate we can no longer afford to avoid
The major political parties have deserted the debate stage when it comes to tax reform. But Allegra Spender is going where no non-government MP has gone before.
- by Shane Wright
No tax relief for you: Deficits, cost put cuts in too-hard basket
Neither major party will try to win over voters at the federal election with an offer of substantial tax relief.
- by Shane Wright
Exclusive
Federal budget
The half trillion-dollar tax headache facing Australia
Anthony Albanese and Peter Dutton face a half trillion-dollar tax problem – without a change, Australians will face a generational high tax hit.
- by Shane Wright
Opinion
Interest rates
Emptying the cookie jar to pay interest: Borrowers are desperate for rates to fall
There are plenty of white-knuckled borrowers waiting for February in hopes the Reserve Bank will begin down the path of lowering rates. Can they make it that far?
- by Elizabeth Knight
Peter Dutton backs away from tax cuts for the rich
Opposition Leader Peter Dutton said Australians were just as focused on inflation as Americans who elected Donald Trump as he refused to commit to the reform.
- by Olivia Ireland
Original URL: https://www.watoday.com.au/topic/income-tax-5yk