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News

ATO looking to give away billions

It’s that time of the year again – when the Australian Tax Office (ATO) almost turns Father Christmas.

Finance News

Government letting big fish off the hook

Why does the Government always seem to be sweating the small stuff, when it should be chasing billions of dollars in unpaid taxes?

Legal & General

Trusts: would you benefit from one?

A trust arrangement can be beneficial if used correctly, but they don't suit everyone. Legal expert Rod Cunich explains who should use one and how they work.

Superannuation

Superannuation: how is it taxed?

Many of us accept that superannuation is a tax-effective means of saving for retirement, but fewer will understand just how our money is taxed within the system. This simple guide outlines the basics.

Federal Budget 2016

Federal budget – states could levy income tax

A 2014 National Commission of Audit proposal, initially dismissed by then prime minister Tony Abbott, could see states and territories collect their own income tax.

News

PM denies white paper “on hold”

Conflicting reports yesterday that Mr Turnbull had halted the tax white paper have been quashed, with the PM himself taking to Twitter to put an end to the rumours.

News

Should over 65s pay income tax?

ACOSS, along with unions, welfare and business groups are calling on Canberra to remain open-minded about tax reform ahead of the National Reform Summit.

News

Government blamed for ATO delays

Cuts to public service sector jobs have been blamed for difficulties faced by taxpayers trying to use the Australian Tax Office’s (ATO) new online tax lodgement system.

News

Aussies happy with tax levels

According to the results of a recent survey conducted by Per Capita, the attitudes of Australians towards the amount of tax they pay have changed for the better in the last three years.

News

Super tax breaks policy

The Labor party is proposing a change to the contentious super tax breaks largely enjoyed by wealthier Australians.

Age Pension

An end to indexation uncertainty?

ACOSS recommendations call for a review of eligibility for a part Age Pension, rather than changing the pension indexation method.

News

Wealthy outsmarting the ATO

The wealthiest Australians are using a complex series of trusts and private companies to hide money from the Australian Tax Office (ATO), which seems powerless to recoup the tax on some $500 billion.

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