Scott Morrison as treasurer during the May 2018 budget lockup.
The promised budget surplus depends on everything going right, and much more income tax says the Parliamentary Budget Office.
Minister for Finance Mathias Cormann, Prime Minister Malcolm Turnbull and Treasurer Scott Morrison announce the passage of their income tax package.
It was a busy week in politics, with the federal government passing its income tax package, more squabbling over the ABC, and all parties gearing up for the July 28 byelections.
Mathias Cormann won Senate support for a motion for the bill when it is returned on Thursday to be voted on without further debate.
The Senate on Thursday is set to pass intact the government's $144 billion three-stage income tax package - but whether the plan is fully delivered will depend on who wins the election.
Forecasting income tax a decade into the future is a tricky proposition.
AAP Image/Joel Carrett
The income tax cuts in the 2018 federal budget are likely to be modestly regressive, giving high earners a lower share of the overall tax burden. But by 2028 income tax will be higher across the board.
Richard Di Natale said that Australia had a “tax avoidance system” rather than a “tax system”.
The Greens plan would bring in "a Buffett rule" to ensure higher income earners paid their fair share of tax by limiting deductions made by those earning more than $300,000.
Morrison says the budget will deliver tax relief for middle to lower income Australians.
The government is pinning its hopes on making this election all about tax – casting itself as champion of lower tax and Labor as signed up to what Morrison dubs the "high tax club".
The key reason for the squeeze on household spending and saving is of course the ongoing weakness in the growth rate of household disposable income.
The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
Filling out tax forms used to be an exercise in legalese torture for Canadian taxpayers. Canada has come a long way, but can still to more to simplify filing taxes.
THE CANADIAN PRESS/Chris Young
In the 1950s, Canada made it easy for employees to file their income tax. Now let's simplify the process for others, too.
Politics podcast: Michael Keating on a Fair Share.
The Conversation 54.4 MB (download)
Keating told The Conversation that taxation revenue will need to rise by another 3 percentage points of GDP in the next three decades.
It may opens doors but follows wherever you go.
AP Photo/Benny Snyder
Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
Australian Chamber of Commerce and Industry chief executive James Pearson, speaking on Q&A.
On Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said almost 60% of small business owners in Australia are paid $50,000 or less. Is that right?
About 1 in 20 taxpayers may fill out this part of their returns beginning with the 2018 tax year.
Sean Locke Photography/Shutterstock.com
The lost incentives to give are likely to make a bigger difference than the small uptick in economic growth expected from the new law.
Malcolm Turnbull has moved to hold out the prospect of tax relief for individuals.
Malcolm Turnbull has raised the prospect of personal income tax relief to help middle-income earners.
Finance Minister Bill Morneau is not the first Canadian politician to hold the job who’s been confronted with outrage over tax reform proposals. But it’s time to listen to people who get riled up about tax increases.
THE CANADIAN PRESS/Andrew Vaughan
Outrage over tax reform is nothing new. But if we can't be calm about tax, we can at least learn from the stories spoken in anger.
Social Services Minister Christian Porter in Question Time.
Christian Porter said Australia's welfare system 'was costing over 100% of all income tax raised' under Labor after the GFC, and that it's 'around 80%' under the Coalition. Is that true?
White House Office of Management and Budget Director Mick Mulvaney presents the Trump administration budget entitled ‘A New Foundation for American Greatness’.
Trump's budget is bad in every way. But that doesn't excuse us here of ridiculous assumptions.
Hammond and May on the campaign trail.
Stefan Rousseau/PA Wire
Theresa May claims the Conservatives have historically been a party of low taxes. Is she right?
Treasury Secretary Steven Mnuchin offers details of his boss’ proposed tax cut. ‘It’s big.’
Carolyn Kaster/AP Photo
The bar for achieving that lofty goal was set almost 150 years ago when Congress cut taxes from as high as 10 percent to zero over two years.
No one likes taxes.
John Bazemore/AP Photo
As tax day approaches, here's a primer on how your dollars help fund the U.S. government, and how your share has probably increased.
Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation.
Jeff Chiu/AP Photo
As these tax-exempt vehicles transform philanthropy, they’re drawing more scrutiny. Will Congress or the Trump administration tinker with the rules that encouraged their rapid growth?