Tax

Tax

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...

27 July 2021 • By John Buckley

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Tax

Inheritance tax could address questions of financial inequality: The Tax...

With a low rate and an appropriate threshold, the reintroduction of a proportionate inheritance tax could go a way in...

23 July 2021 • By John Buckley

Tax

Law firm poaches tax partner from MinterEllison

Law firm Holding Redlich has bolstered its tax controversy practice with two new hires from Australia’s largest law...

21 July 2021 • By John Buckley

Tax

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...

20 July 2021 • By Jotham Lian

Tax

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...

20 July 2021 • By John Buckley

Tax

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,...

19 July 2021 • By John Buckley

Tax

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...

16 July 2021 • By John Buckley

Tax

Truck boss jailed over $3.8m fuel tax rebate fraud

A South Australian man will spend at least 14 years in jail after being found guilty of fraudulently claiming $3.8...

16 July 2021 • By Jotham Lian