Insights Statement News Today

The Westpac bank is warning Anthony Albaneses stage three tax cut changes will encourage the wealthy to find a new way to minimise their tax burden. Heres how they do it.

Australians see their salary peak to the highest point in their working lives when they are in their late forties, new figures reveal.

Federal Treasury has ramped up scrutiny of family trusts, revealing the growing number of people receiving income from the tax-friendly vehicles.

The proposed $3 million super tax has been slammed by one of the country’s biggest think tanks. The Centre for Independent Studies said the government’s plan to tax unrealised gains is unpreceden

Wealthy Australians, energy companies, and the top end of town can expect targeted revenue raising measures to surface in this year’s federal budget, with the government determined to get on top of a growing debt bill, according to BDO.

A Treasury paper has revealed Australians earning more than $200,000 a year are more likely to benefit from tax breaks, especially if they are renting out or selling an investment property.

The industry body has issued a host of recommendations in response to the Commonwealths proposed changes to concessional tax thresholds, which include a call to extend the “extremely short” consu

Treasurer Jim Chalmers has flagged a ‘public conversation’ about Australia’s current fiscal settings, with economists pointing to tax reform as a major priority.

Asked to find an extra $20 billion per year to fund government priorities, economists overwhelmingly taxes and an attack on negative gearing.

Asked to choose the fairest ways to raise billions, half of the economists backed introducing inheritance taxes. Around a third chose winding back super tax concessions and increased resource taxes.