Tax & Compliance
Labor U-turns on negative gearing, CGT deductions
After six years, federal Labor has decided to drop policies that look to curb negative gearing and capital gains tax deductions heading into the next election, along with...
‘Give us a fair go’: Practitioners left scratching their heads over ASIC’s latest estimated industry funding levy
The latest ASIC estimated industry funding levy proved a “sobering read” for auditors and advisers, while the profession’s peak bodies have described the funding mo...
NSW rolls out payroll tax reductions, deferrals
NSW businesses will now have access to further payroll tax support as the state enters its fifth week of lockdown.
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Inheritance tax could address questions of financial inequality: The Tax Institute
With a low rate and an appropriate threshold, the reintroduction of a proportionate inheritance tax could go a way in ensuring the bias against younger Australians being ...
ATO zeroes in on lifestyle assets
The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren’t being completely honest ab...
Scrap luxury car tax to incentivise EV uptake: Grattan
The Australian think tank suggests that, in order to achieve net zero emissions by 2050, the federal government should aim to phase out petrol-powered cars by 2035 and do...
Tax compliance blows out to $50bn, distrust grows
A tax system that has been tweaked and altered only “around the edges” is long overdue for core intervention, according to a new report from The Tax Institute, which ...
Broken tax system impeding the economy: The Tax Institute
As the nation’s population ages, Australia must rework its tax mix to rely less on income tax and other taxes that are harmful to economic growth, and consider better u...
Frydenberg says Labor ‘cannot be trusted’ on tax cuts
The Treasurer has fired warning shots over the opposition’s track record on tax, after reports indicated the Labor leadership will now move to back legislated stage 3 t...
‘Fertility freefall’: Federal government pressed on universal childcare and parental leave
As Australia’s fertility rate falters and its population ages, the Morrison government should introduce universal childcare, parental leave and family allowances to del...
New NSW support measures: Everything we know so far
Businesses in NSW can now expect new support payments and larger grants, while individuals are set to receive increased disaster payments as the state battens down the ha...
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