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Showing 1 - 10 of 129 results for "Tax system"

Taxes and housing dominate election race

ELIZA BAVIN  |  MONDAY, 14 APR 2025
... we have called out in numerous submissions, the time has well and truly come for wider discussion about Australia's tax system," van Onselen said. "Our next federal government should announce a roadmap of how Australia will achieve meaningful tax reform. ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... women, have suffered financial abuse at the hands of an intimate partner, sometimes through the weaponisation of the tax system, with impacts that can be "devastating and long-lasting" to survivors and their families, according to a report by the Tax ...

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... protecting taxpayers from tax agent misconduct, including poor and unlawful tax advice, and increase confidence in the tax system. It also said it forms part of its response to the PwC matter as well as implements recommendations from the 2019 Independent ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ...

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... products. The Federal Election Policy Priorities report also points to implementing an evidence-based review of the tax system, instead of piecemeal tinkering with superannuation taxes. At 30%, Australia's company tax rate is uncompetitive with an ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... clients, preserving professional and ethical standards, and in building community confidence in the integrity of the tax system," de Cure said. "The TPB will take a firm approach in addressing serious misconduct that undermines public confidence and ...

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN  |  MONDAY, 30 SEP 2024
... to close the government's structural budget deficit, which is currently about 1-1.5% of GDP, and it would make our tax system more equitable."

Government urged to overhaul gift tax system

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The Australian government has tabled the final report of the Productivity Commission's (PC) inquiry into philanthropy in Australia: Future foundations for giving. The report makes several recommendations to strengthen the foundations of philanthropy ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... high levels of company and personal income taxes (ranked 57th and 55th respectively)," Wilson said. "All parts of the tax system must be on the table - particularly the balance between taxing incomes and capital - if we want to be able fund critical ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... Australian taxation system. A policy that is counter to the broader policies and operation of the Australian income tax system."
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