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Tax

Tax

Government to push ahead with GIC deduction changes

A Senate committee has given the green light to a proposed measure to deny deductions for the general interest charge.
31 January 2025 • By Miranda Brownlee

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Tax

COSBOA lobbies for modernised tax system, red tape reduction

Australia will face record insolvencies, fewer entrepreneurs and weaker competition without decisive action on tax...
29 January 2025 • By Miranda Brownlee
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RACGP urges Qld government to pass GP payroll tax exemption

The government’s payroll tax exemption for specialist GPs is critical for improving access to this essential...
28 January 2025 • By Miranda Brownlee
Tax

Treasurer slams Coalition’s $20k ‘long lunch’ tax deduction

Jim Chalmers has hit out at the opposition’s proposed $20,000 tax deduction for meal and entertainment expenses,...
24 January 2025 • By Emma Partis
Tax

Coalition vows to repeal Div 296

The Coalition would repeal the Division 296 tax if it passes into law before the election.
24 January 2025 • By Maja Garaca Djurdjevic
Tax

FSC pushes for systemic tax reform ahead of election

The Financial Services Council is calling for lower corporate tax rates and for the composition of Australia’s taxes...
23 January 2025 • By Miranda Brownlee
Tax

Implications for Division 7A from the Ierna decision

Can the application of Division 7A be avoided by the ‘associate’ rules in relation to trusts?
22 January 2025 • By Phillip London, Tax Banter
Tax

Accounting bodies continue fight against GIC deduction changes

Making the general interest charge non-deductible would unduly penalise taxpayers who have made honest mistakes in...
22 January 2025 • By Emma Partis