The Australian Taxation Office is being inundated by phone calls from taxpayers asking how much relief they can expect after the federal parliament passed personal income tax cuts laws tis week. But public sector union CPSU says the situation is not being helped by more than 6,500 jobs having been cut from the ATO in […]
With the end of financial year fast approaching, small and medium-sized businesses are being reminded they could be eligible for an instant asset write-off of up to $30,000. The Federal Government boosted the threshold on the Instant Asset Write-off Scheme last month, in a move designed to stimulate growth for small and medium-sized business. The […]
The Federal Government is acting to improve the integrity and operation of the business tax system by introducing legislation to close loopholes in the tax consolidation regime that create unintended tax outcomes, Minister for Revenue and Financial Services, Kelly O’Dwyer has announced. According to Minister O’Dwyer, the tax consolidation regime, in allowing wholly-owned corporate groups […]
According to the Inspector-General of Taxation (IGT) Ali Norooz, there are a number of changes the government could make to the landscape of taxation…
Now that the gruelling 2013 election campaign is behind us, our attention can turn to the issues of growing debt to gross domestic product and the dwindling tax revenue in Australia.
At the Jobs Summit in Sydney yesterday, retailers called on the NSW Government to do more to support jobs during the economic downturn and reduce business costs. They prepared a ‘wish list’ which included full deregulation of trading hours, reducing red tape and dedicating 15 percent of the recently announced 175,000 traineeship places for the […]
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