Millions of Australians are tardy with their tax returns. An ATO experiment found changing one sentence could prompt people to pay their tax bills.
The chief economist of Commonwealth Bank says a looming financial crunch may force the RBA to cut interest rates by the end of the year.
The tricky low-and middle-income tax offset,dubbed the lamington,is about to be taken from us. Like a fiscal time bomb,it was always going to detonate.
The end of the super-sized low- and middle income tax offset will slash by up to $1500 the take-home pay of more than 10 million Australians.
It was bad policy when it was introduced and should never have been extended,let alone expanded in an inflationary environment.
The Treasury secretary has canvassed higher taxes on “passive income” to pay for incentives to bring women and welfare recipients into jobs market.
Strong tax collections from workers and businesses are improving the budget. But calls are growing for tax reform to save the nation’s finances.
Increasing the GST,axing negative gearing,a carbon price and land taxes? Unless we reform the system,Australia won’t be able to pay for the essentials.
Teal independent Allegra Spender will hold her own tax summit with some of the nation’s best names in tax.
Nasty bracket creep and a bit of post-COVID tax catch-up are zapping more household income than higher interest rates.
The $368 billion nuclear submarine deal has prompted fresh calls for tax changes,including the stage three cuts,to pay for the boats.