Newspaper icon
The latest issue of Financial Standard now available as an e-newspaper
READ NOW

Search Results

Showing 1 - 10 of 163 results for "Tax System"

Lowe slams government spending

ELIZA BAVIN  |  WEDNESDAY, 30 SEP 2026
... focus on growing the economy, rather than redistribution, and there needed to be a reduction in the reliance of the tax system on income taxes. "[Australia taxes] income and wealth generation too highly and consumption too lightly," he said. Lowe advocated ...

Intergenerational Report looks to AI to buoy productivity slump

KARREN VERGARA  |  TUESDAY, 22 SEP 2026
... government spending on health, aged care and other essential services will continue to rise," Freeland said, adding the tax system remains overly reliant on personal income tax, with bracket creep continuing to drive revenue growth. "Bracket creep is ...

New law tightens foreign resident CGT rules on Australian property assets

KARREN VERGARA  |  FRIDAY, 11 SEP 2026
... increased penalty amounts, as well as new powers for the Tax Practitioners Board. "This is about strengthening the tax system overall, delivering more, cleaner energy and more certainty for investors," Chalmers said. "The successful passage of this legislation ...

Treasury launches minimum tax on discretionary trusts draft legislation

KARREN VERGARA  |  FRIDAY, 4 SEP 2026
... paying similar tax relative to salary and wage earners on lower income levels. This reduces the progressivity of the tax system," Chalmers said. Going forward, the trustee of a discretionary trust will continue to determine the share of trust income ...

Start-ups carve out confirms tax reforms are 'flawed': WAM

MATTHEW WAI  |  MONDAY, 13 JUL 2026
... is flawed. "You cannot fix a structural problem with a narrow, conditional and capped concession. "Australia needs a tax system that directs capital towards productive Australian businesses, not one that discourages investment and innovation." The firm ...

CGT, negative gearing changes to become a law

RIDDHIMA TALWANI  |  FRIDAY, 26 JUN 2026
... in two more rounds of income tax cuts for millions of Australians, a "fair go" for first home buyers, and a fairer tax system that better aligns the treatment of labour and asset income, Chalmers said. "The three right wing parties all voted against ...

Product showcase: Reframing financial advice

THE FINANCIAL STANDARD TEAM  |  MONDAY, 15 JUN 2026
... individual's intentions are honoured. From wealth accumulation to wealth transfer, fresh uncertainty around the tax system increases the likelihood of unadvised Australians making sub-optimal decisions about their savings and estate plans simply ...

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 ...
PREVIOUS
NEXT