Dodgy landlords making inflated claims for repairs and maintenance on their rental properties are firmly in the Australian Tax Office’s sights.
Bracket creep and the end of the low- and middle-income offset delivered the biggest tax hike in the developed world as inflation surged,OECD data shows.
Inflation is forecast to have fallen to its lowest level since 2021 as price pressures ease across the economy,but taxes are now weighing on Australians.
Work-related handbags,briefcases and sunscreen are just some of the tax deductions that can be overlooked.
The ATO has been pushed to wipe accumulated interest on old debts that people weren’t even aware of,after it issued unexpected letters that distressed many Australians.
The ATO is only meeting its performance target for phone waiting times by rejecting some callers early. That is despite the target being lowered this year.
The stage 3 tax cuts start on July 1,but experts say Treasurer Jim Chalmers should go further to protect workers from bracket creep.
Investors could save on capital gains tax by selling after June 30,when the stage three tax cuts are slated to start.
Consulting firm PwC remains a pariah as the tax leak scandal continues to bite.
The embattled consulting firm is cutting staff levels again as its business continues to face fallout from the tax leaks scandal.
In the midst of a cost-of-living crisis,the national accounts give us an insight into the performance of the economy. Here are five graphs to explain it all.