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Showing 1 - 10 of 159 results for "Tax System"

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 ...

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 ...
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