Avoidance Taskforce News Today

For the second year in a row, the Australian Government has delivered a surplus which this year is projected to be $9.3b. As with last years Budget, the 2024 Budget was delivered against a continued backdrop of inflation (albeit moderation), cost of living pressures, high interest rates, and increasing geopolitical instability. It has tried to walk a fine line of providing incentives in nationally strategic areas (particularly in relation to the energy transition) without fuelling demand pressur...

Treasurer Jim Chalmers says the incoming ATO boss is an “outstanding leader and one of the nation’s most experienced tax experts”.

ATO second commissioner Jeremy Hirschhorn said several major coal and gas exporters had exhausted losses carried forward from setting up projects, and were now paying significant income tax.

Microsoft and Apple report shrunken profits.

The budget was framed as a reset of fiscal policy by Labor, but the government gave a wide berth to tax reform and had a few surprises instead. What did the budget say? If you think that federal budg

Large corporates paid over $68 billion in income tax during the last financial year. The ATO’s latest corporate tax transparency report has revealed that the amount of income tax paid by large corp

Outcome in the 10-year dispute is a win for the Task Avoidance Taskforce, office says.

The Morrison Government has today committed to a Lower Tax Guarantee during the next term of Parliament as well as providing an ironclad guarantee that the planned $100 billion of tax relief will be delivered to Australian workers over the next four years. This commitment provides certainty to millions of workers, retirees and to every small business in Australia. Prime

Temporary measures are insufficient to tackle the ballooning debt book, says Scott Treatt.    

With a Budget spearheaded by