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Tax & Compliance

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Inheritance tax could address questions of financial inequality: The Tax Institute With a low rate and an appropriate threshold, the reintroduction of a proportionate inheritance tax could go a way in ensuring the bias against younger Australians being ...
ATO zeroes in on lifestyle assets The ATO will now have information on an individual’s new $65,000 car or their $100,000 boat as it looks to flush out tax dodgers who aren’t being completely honest ab...
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Scrap luxury car tax to incentivise EV uptake: Grattan The Australian think tank suggests that, in order to achieve net zero emissions by 2050, the federal government should aim to phase out petrol-powered cars by 2035 and do...
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Tax compliance blows out to $50bn, distrust grows A tax system that has been tweaked and altered only “around the edges” is long overdue for core intervention, according to a new report from The Tax Institute, which ...
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Broken tax system impeding the economy: The Tax Institute As the nation’s population ages, Australia must rework its tax mix to rely less on income tax and other taxes that are harmful to economic growth, and consider better u...
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Frydenberg says Labor ‘cannot be trusted’ on tax cuts The Treasurer has fired warning shots over the opposition’s track record on tax, after reports indicated the Labor leadership will now move to back legislated stage 3 t...
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‘Fertility freefall’: Federal government pressed on universal childcare and parental leave As Australia’s fertility rate falters and its population ages, the Morrison government should introduce universal childcare, parental leave and family allowances to del...
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New NSW support measures: Everything we know so far Businesses in NSW can now expect new support payments and larger grants, while individuals are set to receive increased disaster payments as the state battens down the ha...
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Cash flow boost returns: New hope for NSW businesses NSW businesses will now receive up to $10,000 per week under a new support measure modelled on 2020’s cash flow boost payment, Prime Minister Scott Morrison has annou...
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Treasury undertakes review of venture capital tax breaks Tax incentives and concessions available to investors in early-stage venture capital activities will now come under review by the government. Write comment (0 Co...
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Director issued 2-year ban over $250m debt A Queensland director whose companies owed creditors more than $250 million has been banned from managing companies for two years. Write comment (3 Comments) ...
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