This Month
Trump tax cut extension cost swells to $7 trillion, CBO warns
New estimates from Congress’ fiscal scorekeeper make clear the cost of extending the 2017 tax cuts enacted under president Donald Trump.
- Erik Wasson
Albanese pledges $500m for drought relief as Queensland fight heats up
Anthony Albanese and Peter Dutton are squaring off at Beef Week in Rockhampton as the political fight in central Queensland gathers pace.
- Phillip Coorey
ATO targets crypto traders’ tax affairs, bank details
The Tax Office is ramping up its surveillance of crypto traders, demanding that exchanges hand over details around clients’ ID, wallet addresses and bank accounts.
- Tom Richardson
The taxman has a warning for property investors this year
As many as nine out of 10 landlords make mistakes or illegitimately claim extra rental deductions as part of their annual tax return.
- Tom McIlroy
April
I’m an expat with shares and property. What are my tax obligations?
One of the most common mistakes expats make is not adjusting their investment strategy to minimise tax, advisers say.
- Penny Wise
Tax changes may make super the best place to stash cash
New analysis shows the changes will have the perverse effect of entrenching tax benefits for some of the country’s wealthiest, spurring calls for widespread tax reform.
- Hannah Wootton
Tax surge consuming up to 45pc of household income
Federal, state and local government tax revenue is expected to amount to a near-record 30 per cent of gross domestic product in 2023-24, according to the CIS.
- Michael Read
Teals warn Labor has ‘dropped the ball’ on small business
The independent MPs, expected to play a crucial role in next year’s federal election, also hit out at the Coalition for failing to support sensible changes.
- Patrick Durkin
March
Dentists want exemptions as medical payroll tax disruption spreads
Dentists are urging state revenue authorities around the country to follow the example of South Australia and offer an exemption to new payroll tax liabilities.
- Tom McIlroy
Slash income tax, lift GST and levy tech giants: Comyn’s growth fix
Commonwealth Bank’s chief executive is advocating the changes as one way to turn around a forecast long-term economic slowdown.
- John Kehoe
ATO has ‘stuffed’ robo-tax debt recovery effort: ombudsman
Moves to recoup $15 billion in historic taxation debts has sparked criticism from two independent watchdogs.
- Tom McIlroy
Tax cuts fail to beat inflation for high earners
Failure to recoup seven years of tax bracket creep under the stage three income tax cuts will leave high earners $6400 behind, new analysis shows.
- John Kehoe
- Opinion
- Tax reform
Stage three tax cuts haven’t blunted the impact of bracket creep
The top brackets will continue to inexorably sweep up a rising number of taxpayers with collateral damage to incentive and ambition.
- Matthew Taylor and Robert Carling
Borrowers squeezed: RBA; UK tax hits Aussies; Apple’s core problem
Read everything that’s happened in the news so far today.
UK’s new tax slug could force expat Aussies home
Australians living in the UK for more than four years will lose the benefits of negative gearing and franking credits on their property and shares.
- Updated
- Hans van Leeuwen
- Opinion
- Tax reform
How we’ve lost the plot on tax and profit populism
Progressive activists have become so obsessed with distribution of income and profits, without giving any thought to first maximising the economic pie to be redistributed.
- John Kehoe
Tories try to staunch Britain’s ever-growing tax take
Trailing Labour in polls and facing an election soon, PM Rishi Sunak tries to woo the battlers with tax cuts but squeezes UK residents with offshore income.
- Hans van Leeuwen
- Updated
- GDP
Australia faces another year of weak GDP growth
Weak economic conditions will squeeze company profits, push up unemployment and potentially send the budget into deficit, economists have warned.
- Updated
- Michael Read
- Opinion
- Opinion
Talented people make nations pay for high taxes
The best and brightest minds globally are fleeing high-tax regimes for jurisdictions offering financial incentives.
- Christopher Joye
February
Top 47pc tax rate encourages four-day weeks
The “Why work eight hours on Friday and get paid for four” mindset is creeping in as more than triple the number of taxpayers jump into the top tax bracket.
- Updated
- John Kehoe