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Articles on Australian Tax Office

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A simpler company tax system would collect more and could fund a lower rate. Shutterstock

Here’s a long-term budget fix that would boost investment: replace company tax with cashflow tax

The budget looks good, for now. But the surge in taxable profits will subside as companies find ways to shift profits offshore. We’ve come up a better way to tax onshore what happens onshore.
Despite the prominence given to underemployment, ‘overemployment’ is more pervasive in Australia. AAP/Julian Smith

Push for longer hours makes headlines, but more Australians want to work less

Australia’s labour market does a relatively good job of accommodating the preferences of the majority of workers. But that’s not to say there’s no-one who wouldn’t prefer to work more – or less.
Oxfam estimates that at least A$21 trillion is hidden in tax havens. www.shutterstock.com

Tax haven crackdown still to deliver missing billions

Tax avoidance, or the use of legal arrangements to reduce tax, is rife. According to the Australian Tax Office (ATO), Australian companies in 2012 sent almost A$60 billion to related parties in tax havens…
Joe Hockey has “deep reservations” about the current role of the tax office. AAP/Alan Porritt

Hockey signals watchdog on tax office

Shadow Treasurer Joe Hockey has launched a fierce attack on the Australian Taxation Office, accusing it of having had “an insular and inward looking culture” for too long and raising the spectre of possibly…
Starbucks promised to pay more tax after a consumer boycott: Australians would be appalled at how little tax some transnational companies here pay. AAP

Should Australians follow the British lead and boycott tax avoiders?

In the UK the recent boycott of Starbucks by consumers has helped elicit a pledge from the coffee giant to pay £20 million in taxes over the next two years. In Australia, consumers would be appalled to…

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