Tax

Tax

What does the Minerva case mean for trust distributions?

The Federal Court upheld the ATO’s view that there was an anti-avoidance scheme at work.

04 November 2022 • By John Jeffreys

more from tax

Tax

ATO collectable debt balloons to $45bn, small business on hit list

The tax office annual report says pandemic measures are responsible for a huge increase in non-disputed debt.

01 November 2022 • By Philip King

Tax

Budget: Share buy-back change ‘needs scrutiny’

One of the few surprises last week will have to be examined for unintended consequences once the details are released,...

01 November 2022 • By Philip King

Tax

Budget: ATO expected to reap $5.6bn from crackdown

Multinationals, the shadow economy, and individual taxpayers will be targeted thanks to an extra $1.5bn in funding.

27 October 2022 • By Philip King

Tax

Budget: what it means for the tax profession

UPDATED: Accounting firms and organisations offer their verdicts on the first test of Labor’s economic credentials.

25 October 2022 • By Philip King

Tax

ATO to target individual taxpayers over $8bn shortfall

Work expenses, omitted income, and rental claims will come in for extra scrutiny to narrow the tax gap.

24 October 2022 • By Philip King

Tax

ATO relaxes lodgment deadlines for flood-hit zones

With four different states facing catastrophic flooding, the Tax Office has revived previous support schemes.

21 October 2022 • By Josh Needs

Tax

Small business debt and tax gap at top of ATO hit list

Second Commissioner says the sector is the biggest culprit and digitisation will be key to bringing it around.

21 October 2022 • By Philip King