Putting $20 billion in taxpayers’ hands will fuel inflation. That’s the economics of it,but Anthony Albanese must weigh up the politics.
Experts are in furious agreement:Australia needs tax reform. So why aren’t the major political parties talking about it?
Mining giants paid more income tax in 2021-22 than the rest of the country’s high-value companies combined,while airlines paid none as pandemic effects continued.
Quite simply,there’s a way to get next year’s tax refund spread across this whole tax year,rather than dished out in one lump sum.
Not only do they miss out on many tax concessions,young people are also getting slammed by “bracket creep” and soaring HECS debt.
There’s been an addition to the living costs for many Australians,but Labor doesn’t want to talk about it.
Those using a registered tax agent have until May next year to file,but for those doing their own returns penalties of up to $1565 are on the line.
Pensioners eligible for the seniors and pensioner tax offset have a higher income threshold before needing to lodge a return.
Once you retire and are receiving the pension,generally you no longer need to file a tax return.
The death tax on superannuation continues to generate much interest,but its intricacies – and ways to avoid it – are often not well understood.
ABC’s flagship TV panel show is keen to broadcast from the G20 summit in Delhi.