Tax

Property tax concession change talk sparks uncertainty

2 October

Property investors are anxiously awaiting any potential changes to tax breaks after a week of mixed messages on negative gearing and capital gains tax. Prime Minister Anthony Albanese has repeatedly insisted Labor has no plans to touch the tax...[Read More]

PM bats back questions over curbing property tax breaks

25 September

The prime minister has swatted away questions about curbing property tax breaks after reports of secret modelling. The federal government has sought advice from Treasury on scaling back negative gearing and capital gains tax concessions, according...[Read More]

Universal childcare could mean higher taxes: Dutton

25 September

Early childhood education advocates back key recommendations aimed at improving accessibility for low-income families, but the coalition has warned of surging taxes for Australians. A Productivity Commission report, released on Wednesday, urged...[Read More]

Tax cuts put away for rainy day as spending spree ends

4 September

Spending was flat last month, with tax cuts yet to materially improve retailer fortunes as many chose to stash extra cash away. The flat July outcome was below the 0.3 per cent growth consensus forecast and followed two months of upbeat...[Read More]

Housing approvals bounce back but market still subdued

4 September

A surge in new apartments has fuelled a rebound in sluggish housing approvals, as the coalition floats the possibility of withholding GST payments from states if they don’t meet construction targets. There was a 10.4 per cent increase in the...[Read More]

Poorer Aussies feeling pocket pinch with wealth gap

28 August

Poorer Australians are copping the brunt of increasing prices for everyday goods and often have no savings buffer due to wealth inequality and tax breaks favouring the rich, a new report says. Anglicare Australia’s Widening the Gap report reveals...[Read More]

‘Fighting for crumbs’ as Australia forgoes wealth taxes

14 August

Australia must overhaul how it taxes capital gains, wealth and inheritance to stem spiralling wealth inequality, according to a new report. The wealth of Australia’s richest 200 people almost tripled as a proportion of national gross domestic...[Read More]

Rich getting richer amid calls to narrow wealth divide

14 August

Ordinary Australians struggle to make ends meet while the richest enjoy billions in untaxed capital gains, a new report claims. The wealth of Australia’s richest 200 people almost tripled as a proportion of national gross domestic product over the...[Read More]

Tax breaks on ‘big, dumb’ utes cost the public $250m

24 July

Australian taxpayers lost out on a quarter of a billion dollars in revenue in 2023 thanks to a generous tax loophole for “big, dumb” American-style utes, a report says. Large utes such as those made by Chevrolet and Ram are being subsidised as...[Read More]

Call to tax companies that replace workers with AI

17 July

Businesses that replace workers with artificial intelligence tools should pay additional taxes, an inquiry will hear, as well as calls for restrictions on the use of the technology and greater government oversight. The calls are expected at the...[Read More]

Controversial ‘travel tax’ behind border security boost

17 July

Tourists are being charged more to leave Australia, as the federal government attempts to bolster biosecurity funding. An additional $47.1 million had been delivered to the biosecurity system after a change to the government’s fees and charges,...[Read More]

Some useful tips to grow your superannuation

27 June

Retirement is a period most people eagerly anticipate. It’s that wonderful stage of life when you can finally unwind and spend your time as you please. You can even spend retirement focusing on the businesses you’ve been planning and have put...[Read More]

Reasons to hire a bookkeeper

6 June

Did you ever hire a bookkeeper to help you keep track of your expenses and tax obligations? If not, find out why now may be the best time to do so. Bookkeeping is an essential component of any organisation. To focus on other tasks, such as...[Read More]

States query GST carve-up despite ‘constructive’ budget

15 May

States are split on the federal budget as the two most populous jurisdictions question their GST shares, while resource-heavy Western Australia counts its riches. NSW will be the biggest loser from the annual GST distribution set out in the budget...[Read More]

Incentives set to fuel green hydrogen growth