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Tax

Spending pressures pile up for future generations of taxpayers as Australia’s bill grows to $140 billion

by Anas Siddiqui
Spending pressures pile up for future generations of taxpayers as Australia’s bill grows to 0 billion

Future generations of taxpayers will have to foot a growing bill the equivalent of $140 billion for increased demand on health, aged care and NDIS services, along with Defence spending …

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Major parties to face pressure on tackling tax reform

by Anas Siddiqui
Major parties to face pressure on tackling tax reform

A debate on tax reform is expected to heat up in coming months as a former Labor treasurer says Australians want to see more done to make sure the system …

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GST fraud made popular on TikTok costs taxpayers $1.2bn

by Anas Siddiqui
GST fraud made popular on TikTok costs taxpayers .2bn

The Australian Tax Office has paid out more than $1.2billion in fraudulent GST claims after the deceitful scheme was promoted on TikTok. The ATO believes that at least 56,000 perpetrators …

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Sydney’s Star casino thrown lifeline through reduced poker machine taxes

by Anas Siddiqui
Sydney’s Star casino thrown lifeline through reduced poker machine taxes

The NSW government will introduce a transitional tax levy on Sydney’s Star casino, with NSW Treasurer Daniel Mookhey claiming the venue would go under without the intervention. In return, the …

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Insolvency surge hitting Aussie businesses like ‘perfect storm’

by Anas Siddiqui
Insolvency surge hitting Aussie businesses like ‘perfect storm’

Cash-strapped businesses are buckling under pressure from the Australian Taxation Office and other creditors as the insolvency trickle turns into a “surge”. That’s the verdict from comparison site Insolvency Australia, …

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import tax: India considering cutting import tax on wheat, says Food Secy Sanjeev Chopra

by Ron Morgan
import tax: India considering cutting import tax on wheat, says Food Secy Sanjeev Chopra

India’s Food Secretary Sanjeev Chopra on Friday said that the nation is considering to cut or abolish import tax on wheat. He said that the government is committed to control …

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Police probe into PwC could take years to resolve

by Anas Siddiqui
Police probe into PwC could take years to resolve

Investigations about potential criminal activity at one of the country’s biggest consulting firms could take years to complete. Police are investigating former PwC partner Peter Collins who allegedly shared confidential …

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Aussies could fund aged care with retirement savings

by Anas Siddiqui
Aussies could fund aged care with retirement savings

The aged care funding crisis should force Australians to set aside some of their superannuation savings in order to improve standards in aged care, a new blueprint from the sector’s …

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Price of beer set to jump again as alcohol tax increases by 2.2 per cent on Tuesday

by David Johnson
Price of beer set to jump again as alcohol tax increases by 2.2 per cent on Tuesday

The price of a pint is set to rise as the bi-annual tax on alcohol increased by another 2.2 per cent on Tuesday, according to the Australian Taxation Office. But …

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No return: Australia’s top tax man calls it quits after 10 years

by Anas Siddiqui
No return: Australia’s top tax man calls it quits after 10 years

The head of the Australian tax agency will not seek reappointment when his term wraps up next year. Australian Taxation Office commissioner Chris Jordan has been at the helm of …

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