Liberal backbenchers are calling for wide-ranging tax reform,including capital gains taxes on high-value homes and income tax cuts.
Experts are warning past failures at the voting booths with tax promises and a lack of courage will keep necessary reforms off the table at the 2022 election.
Death duties,hiking the GST and more taxes on housing are on the wish lists of the nation’s top economists.
Top economists,former Treasury officials and ex-politicians are warning that Australia is fast approaching a fiscal nightmare.
That they could convince 136 countries to agree to a global minimum tax deal is a triumph in itself for the OECD and Mathias Cormann. Now they have to herd the stray cats.
A super profits tax will hit major miners like BHP,Rio Tinto and Fortescue,the big four banks,Telstra and other corporations like Wesfarmers.
The Australian Greens want to introduce a super profits tax on miners and all other businesses that would radically alter the nation’s tax system.
The new plan could have serious implications for Australian companies that use low-tax jurisdictions in cross border transactions.
The new financial year means tax cuts for small businesses,granny flat owners and brewers but also a lift in the super guarantee for millions of workers.
The new intergenerational report reveals without a change to the nation’s tax mix,workers,banks and mines will carry the cost of future services.
The G7 agreement puts Australia’s claim to tax the profits of BHP and Rio in play.