Corporate tax increases by almost 17 percent
In 2022-2023, large Australian companies paid almost $100 billion in income taxes, an increase of almost 17 percent.
tax
'Tougher in the long run': Warning for self-employed Australians as tax deadline approaches
Many Australians still have to file their taxes despite the threat of a hefty fine, and the deadline is just days away.
The Australian Taxation Office is urging people to file their own tax return by October 31st
Australians who haven't filed their own income tax return only have a month to submit their paperwork before they face hefty penalties. The Australian Taxation Office is warning taxpayers that they must file their own income tax return by October 31 to avoid potential late filing fees.
Adam Bandt will discuss Robin Hood's “economically damaging” tax plan during his week-long visit to Perth
The risk the Greens pose to WA will be on full display this week when Adam Bandt tours Perth's suburbs laying out a $500 billion tax racket that critics warn will damage the economy would destroy the state.
Negative Gearing: Peter Dutton says changes to tax breaks will ‘destroy the housing market’
Changes to negative gearing and capital gains tax are back on the agenda as Prime Minister Anthony Albanese considers including the politically controversial measures in the next federal election.
Hunter Biden changes his plea in federal tax case to “guilty”
The son of US President Joe Biden will change his plea to guilty in a federal tax case, his lawyer said.
Tax agreement in California to finance journalism and AI research
The state of California and technology companies will pay A$371 million over five years to support California-based news organizations and build an AI research program.
“It’s crazy to charge people for sunlight”: Secret “sun tax” for solar households criticized as “rip-off” amid cost-of-living crisis
A hidden “sun tax” hitting Australians who have switched to solar power has been branded “madness” and a “rip-off” by energy activists, who accuse energy companies of trying to “extract money” from people who use sunlight to generate energy. In some Australian states, electricity providers have secretly introduced a tariff, popularly known as the sun … Read more
Harris promises cost reduction, housing construction and tax cuts
If Kamala Harris wins the White House, she has put forward proposals to cut taxes for most Americans, stop price gouging by grocers and build more affordable housing. In her first major economic speech as a Democratic presidential candidate, Harris promised to introduce a new child tax credit for families with young children, tax cuts … Read more
Niche directors fear being pursued for cash as tax bill exceeds $7 million, court told
Nicheliving owes the Australian Taxation Office more than seven million dollars and its directors fear that deregistration will lead to repayment of the liability insurance paid for by the Australian government. The Building Services Board decided a fortnight ago not to renew the group's registration, meaning it can no longer carry out any construction work.