Tax

Tax

Labor’s 30% trust tax to raise $7.7bn

Labor’s plans to introduce a 30 per cent tax on discretionary trust distributions to adults will rake in $7.7 billion...

09 May 2019 • By Jotham Lian

more from tax

Tax

Deduction label changes coming to better break down tax agent costs

Greater clarity over the breakdown of the cost of managing tax affairs will soon be available as the Tax Office...

09 May 2019 • By Jotham Lian

Tax

Negative gearing, CGT battle rages on from Liberal heavyweights

The Treasurer and Assistant Minister for Treasury and Finance again blasted the Labor Party’s negative gearing and CGT...

09 May 2019 • By Katarina Taurian

Tax

Labor reveals new figures in controversial managing tax affairs cap

Labor has revised its figures in its proposal to cap the cost of managing tax affairs, believing it will raise $1.6...

08 May 2019 • By Jotham Lian

Tax

ATO set to launch tax record application system

Tax agents will soon be able to apply for a statement of tax record on behalf of their clients bidding for government...

08 May 2019 • By Jotham Lian

Tax

PM labels his tax changes ‘tax reform’, re-commits to super tax halt

Prime Minister Scott Morrison said that his spate of tax cuts constitute tax reform, and has re-affirmed his party’s...

08 May 2019 • By Katarina Taurian

Tax

Bill Shorten justifies proposed policies

Opposition Leader Bill Shorten has gone on the front foot to defend his policies, including proposed changes to...

07 May 2019 • By Jotham Lian

Tax

Tax Office reveals disqualified trustees register

The ATO has now published a list of 2,862 disqualified trustees to aid accountants assisting with the set-up of SMSFs...

07 May 2019 • By Miranda Brownlee