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Showing 1 - 10 of 156 results for "Tax System"

Removing CGT discount on all assets will make tax system fairer: Chalmers

RIDDHIMA TALWANI  |  TUESDAY, 19 MAY 2026
... Treasurer Jim Chalmers said changes to the capital gains tax (CGT) is fundamentally about reducing distortions in the tax system as a whole and to introduce a more fair and neutral system in place of the current one. Speaking at the Bloomberg Forum for ...

Structural reforms necessary despite global shocks: Chalmers

RIDDHIMA TALWANI  |  THURSDAY, 14 MAY 2026
... shock, taking the immediate pressure off people, making the economy more productive and competitive, reforming the tax system for workers, first home buyers, businesses and future generations, and making the budget stronger, more sustainable and helping ...

Minimum 30% tax for discretionary trusts

KARREN VERGARA  |  TUESDAY, 12 MAY 2026
... trustees use excess franking credits and details of rollover relief for restructuring. "These reforms will make the tax system fairer and more sustainable, and help fund tax cuts as well as the essential services Australians rely on," he added. In the ...

Budget doubles down on housing supply with $2bn infrastructure push

VINNY VUCAGO  |  TUESDAY, 12 MAY 2026
... affordability pressures. "[The government] is taking decisive action in the Budget to boost housing supply, make our tax system fairer to help more Australians into homeownership and build on our work over the last four years to build more houses," Chalmers ...

Budget to overhaul negative gearing, CGT discount, family trusts

ELIZA BAVIN  |  TUESDAY, 5 MAY 2026
... press conference in Canberra, Chalmers said there are genuine intergenerational concerns and pressures on the Budget, tax system and housing market the government seeks to address. "A government like ours, a responsible government, cannot ignore the ...

Treasury to abolish CGT discount: Reports

KARREN VERGARA  |  TUESDAY, 28 APR 2026
... the CGT discount but did not provide the specifics. "We're obviously considering a whole range of changes in the tax system, but we haven't changed those policies. We haven't taken any decisions on those policies, whether it's the specific ...

Treasury mulls increased powers for TPB

ELIZA BAVIN  |  TUESDAY, 14 APR 2026
... agent misconduct, including poor and unlawful tax advice, and maintain community confidence in the integrity of the tax system." The proposed five new criminal offenses for unregistered tax preparers include providing tax agent services for a fee; providing ...

Chalmers says Budget will make 'hard decisions'

ELIZA BAVIN  |  THURSDAY, 19 MAR 2026
... fiscal considerations, international developments and Cabinet deliberations," he said. Chalmers added that the current tax system is "outdated" and weighs on younger Australians. He said reform would have a substantial focus "on our intergenerational ...

HESTA urges government to modernise Australian retirement system

RIDDHIMA TALWANI  |  MONDAY, 16 FEB 2026
... suggested the government to introduce measures to make the super system fairer for women and carers through an income tax system to incentivise carers to return to paid work. "If we don't act, by 2030 we could be talking about a missed opportunity ...

Chalmers to focus on productivity, economic repair in 2026 Budget

ELIZA BAVIN  |  FRIDAY, 30 JAN 2026
... influences on the budget." Chalmers said the Budget will also deliver "reform and repair" along with some changes to the tax system. "There will be reform in the Budget, there will be more budget repair in the Budget as well and those two things will ...
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