This Month
Relying on bank statements for tax deductions? Think again
A Brisbane businessman learnt the hard way that bank and credit card statements are not sufficient records to prove $48,000 in tax deductions.
- Ronald Mizen
- Opinion
- Steven Kennedy
Why retirees have to pay their fair share of tax
‘I worked hard and paid all my taxes’ does not pass the pub test when tax-free retirements now last so long.
- John Kehoe
‘Everything should be on the table’ to ease tax burden on young
The BCA, CTA, Allegra Spender and Grattan have urged Labor to develop a tax reform agenda to stop younger workers shouldering an ever-increasing tax burden.
- John Kehoe
- Opinion
- Super wars
Why you should worry about new super tax – even with less than $3m
These two worked examples show how the taxing of unrealised capital gains can have unintended consequences.
- Peter Burgess
September
‘Small home’ bonanza as granny flats get green light
Victoria is the latest state to overhaul restrictions on backyard homes that can generate income. But experts warn there are legal, tax and funding challenges.
- Duncan Hughes
‘Double-tax plan’ hurts Australia’s push into Asia
Business leaders say proposed changes would deter Australians from working in Asia, as they risk being taxed twice if they come back for more than 45 days.
- Updated
- Michael Smith
- Exclusive
- Inheritance
‘Political dynamite’: New PC boss says tax inheritances, retiree super
Danielle Wood has proposed an ambitious reform agenda that would push more of the tax burden on to older Australians.
- Updated
- Michael Read
Tax and interest on loans to drain 25pc of Australians’ earnings
Australians will devote almost one in every four dollars of their earnings to paying income tax and interest on loans by the middle of next year.
- Michael Read and Tom McIlroy
Big government is back – how will we pay for it?
Countries are spending heavily on defence, welfare and the green transition. With debt levels already high, taxes look certain to rise.
- Emma Agyemang and Chris Giles
New Liberal MP pushes for negative gearing caps
Newly sworn in NSW Liberal senator Maria Kovacic says the party must help Australians build economic prosperity through home ownership.
- Tom McIlroy
GST rise and income tax cuts ‘help high-income earners’
A 15 per cent GST to pay for income tax cuts and more welfare payments would benefit high-income households, according to economic modelling by ANU.
- John Kehoe
August
- Opinion
- Opinion
The penny has finally dropped on income tax burden
There are at least three achievable ways to alleviate the intergenerational inequities in the tax system to take pressure off workers and not harm economic growth.
- John Kehoe
- Opinion
- Tax cuts
High inflation gives Chalmers cover to ditch the stage three tax cuts
Treasurer Jim Chalmers could ditch the stage three tax cuts as wage rises force lower and middle-income earners to pay more of their income in tax.
- Karen Maley
- Opinion
- Jim Chalmers
All of a sudden, the stage three tax cuts are the good guy
The government is backgrounding that the GST is a state tax. It is not. John Howard tried to make the same claim.
- Phillip Coorey
- Updated
- Tax reform
‘Be brave’: Six teal MPs urge GST debate
The politicians are pushing Jim Chalmers to consider hard reforms such as raising the goods and services tax, as experts warn young workers will suffer.
- Updated
- Michael Read
- Opinion
- The AFR View
The IGR has made it clear what needs to be done
The cost burden projected to fall on future workers has been described as a generational tragedy. But it is also a very avoidable one.
- The AFR View
‘Constantly giving, getting nothing back’: Youth want tax reform
A rapidly ageing population means younger people will be called on to pay higher taxes. They want to talk about who gets taxed, and where the funds actually go.
- Lucy Dean and Gus McCubbing
Reliance on income tax an ‘intergenerational tragedy’: Ken Henry
The ex-Treasury boss says the dependence on personal tax is highly unfair on the young, and company taxes need to be cut to boost Australia’s competitiveness.
- Michael Read
- Opinion
- Australian economy
Labor is boiling the frog of higher taxes
If you wanted to increase taxes you’d do it precisely the way the government is doing it. Bit by bit and step by step.
- John Roskam
Fewer workers to shoulder soaring income tax take
Income tax will rise to an unprecedented almost 60 per cent of the tax base and be paid by fewer workers unless there is “policy change”, the Intergenerational Report says.
- John Kehoe
