Tag: Tax

Big miners are the losers and small explorers are the winners from the Federal Government’s response to the Henry Taxation Review.

Federal Government changes to superannuation in response to the Henry Review will increase will harm small business says accounting firm BDO and COSBOA.

The Henry Tax Review signals big returns for small businesses, with cuts to company tax and long overdue changes to depreciation write off thresholds.

The Henry Tax Review’s ‘Super Profit Tax’ on mining has put up to $100 billion worth of projects in jeopardy the Queensland Resource Council (QRC) says.

The average tax deduction claimed by an individual taxpayer is $3,311 according to the latest statistics from the Australian Taxation Office (ATO).

The Federal Government’s decision to introduce plain packaging and a new tax hike on cigarettes is a mistake that will hurt small businesses in Australia says the Council of Small Business of Australia (COSBOA).

The Senate inquiry into the ability of SMEs to access finance began this week after an increasing number of small businesses have complained about the lack of access to financing.

Australians spent over $790 million on overseas gambling sites in 2008, sending with it any possibility to earn tax revenue for Australia due to laws restricting gambling sites in Australia.

Treasurer Wayne Swan has warned against expectations of a budget surplus despite the global recession economic recovery as tax receipts continue to be depressed.

A new whole-of government blog has been launched on the Standard Business Reporting (SBR) Program – an Australian Government initiative led by Treasury to reduce the business-to-government reporting burden.