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.
Treasurer Jim Chalmers has indicated the government will tighten its focus on gambling companies’ use of R&D tax credits,which can total tens of millions.
The Australian luxury retailer owes more than $16 million to a string of fashion houses from Paris to New York,but was still importing stock and taking deposits just weeks before its collapse.
The R&D tax offset has served as a life raft for some of Australia’s most prominent technology start-ups,though in some cases it wasn’t enough.
High-fee private schools are pressuring the state government to reverse its decision to charge a payroll tax,by telling parents they have no choice but to pass the extra cost on.
Donald Trump and Kamala Harris are announcing new big-ticket election promises almost daily. Harris’ agenda appears less unaffordable than Trump’s.
Described as “the gift that keeps on giving”,Australia’s mineral wealth has made mine owners into multibillionaires. But at a time when we pay to import our own gas,are the spoils being shared fairly?
To sweeten the deal,the Greens say much of the revenue would pay for cost-of-living measures,such as including dental cover in Medicare.
Medium-sized distilleries say tax breaks for small spirits producers are an “existential threat” to their businesses.
The Republican Party’s platform for the November election is a 16-page document containing 20 policy measures. Oddly,there’s no word of debt or deficits anywhere.
Lower spending has helped the budget show the third-largest surplus on record. But it is likely the nation’s finances will shift from the black into the red.