Potential charges for current and former partners,and the loss of the Commonwealth as its largest customer,is a real possibility for PwC Australia.
About 110 high-fee schools will lose their payroll tax exemptions,and big business will incur a 10-year payroll tax levy to clear the state’s COVID debts.
Doing the limbo... Investors with large amounts in super are working out ways to stay below the proposed $3 million tax threshold.
The stage three cuts take a system that is more progressive than the OECD average and makes it more regressive. It erodes one of the most enduring principles of Australia’s tax philosophy.
If Anthony Albanese thinks keeping the promise of stage three tax cuts will mean no outcry,he’s sadly deluded.
Consumers,reeling from higher interest rates and last week’s budget,are expected to slow their spending in part due to a higher tax take.
It’s no Jedi mind-trick. While the Left and the Right offer binary options for the promised tax cuts,increasing them offers an alternative for real tax reform.
It’s time to drop the political rhetoric and have a genuine debate about the real issues with continued population growth.
Most critics think the cuts should be scrapped. But Pradeep Philip from Deloitte Access Economics says the government should expand them to shake up the system.
Strong jobs and wages growth is helping repair the budget which will show personal income tax collections exceeding $300 billion for the first time.
The filing also shows the ex-president owns stock in Pfizer and Johnson&Johnson,the pharmaceutical giants making the coronavirus vaccines.