A High Court challenge over soft drink syrup payments could determine the future of a multibillion-dollar tax battle against Trump-backed tech giants.
Former Treasury boss Ken Henry says a succession of governments have used the tax system to deliberately hurt young people,propping up the old and vested interests like mining.
Last week Canberra kicked off an annual ritual little noticed in real-world Australia,with it coming the seasonal peak in business bulldust.
The House of Representatives has hosted debates about many hefty issues over the years. This wasn’t one of them.
A Coalition plan to give businesses a free lunch has turned into a battle over the cost to the budget and whether small businesses are growing in number.
Heads of some of the nation’s biggest companies are pressing both major parties to take a leaf out of the Trump administration by cutting red tape.
The Coalition has yet to reveal the cost of its plan to allow small businesses to claim a tax deduction on work lunches. Labor says it will bust the budget.
Jim Chalmers,after back-to-back surpluses,forecast a $26.9 billion deficit this year. Despite better tax collections,the budget is still awash with red ink.
They may not be breaking the law,but the taxes multinationals pay are not proportional to the profits they are raking in. That’s something laws passed earlier this week seek to change.
A long-term effort by the ATO to get more tax out of the oil and gas sectors has paid dividends that are likely to deliver billions of dollars in extra revenue.