In his budget reply, Bill Shorten avoided the government’s traps and wisely stressed his party’s traditional strengths: health, education and social policy.
The federal budget deficit from now through to 2018-19 is likely to be $129 billion, $21 billion worse than in the December official budget update, according to Deloitte Access Economics.
The Panama Papers are part of a trend that suggests the U.S. tax gap – how much is still owed the government after Tax Day – may soon close. Could this mean the end of tax evasion?
China’s newly introduced “e-commerce laws” are actually just closing a loophole in regulation and shouldn’t be seen feared by Australian businesses trading with the country online.
Research suggests some features of tax software can lead us to make more aggressive judgments when we file our returns, which could make an audit more likely.
Governments shouldn’t have to rely on major international information leaks like the Panama Papers to get information about companies’ tax avoidance abroad.
The headlines are full of stories of corruption and mega scandals, but what does it mean for the rest of us? And what makes the economic cost of corruption so high?
Giving states the power to levy income tax won’t make up for the shortfall in health and education funding and it could mean poorer states are worse off.
The states have historically fought to keep their income tax powers so it seems a joke to see a rejection of the Federal Government’s proposal to give these powers back.