By Kevin Davis, Australian Centre for Financial Studies
Treasurer Swan could reduce the headline corporate tax rate from its current 30% rate to just over 15%, with virtually no consequences for government tax revenue with one simple piece of legislation: simply…
Despite the lack of any substantial reform, last week was quite a big week for Australia’s tax system.
Last week was quite a big week in tax, although when the dust had settled it was not clear what — if anything — had really happened.
First, the Treasurer announced in the Mid Year Economic and Fiscal…
Tax reform or trickery? Treasurer Wayne Swan’s plan for businesses to pay a monthly tax bill instead of a quarterly one has been met with acrimony from the business community.
AAP
One of the more contentious issues in the 2012-13 Mid-Year Economic and Fiscal Outlook (MYEFO) is a tax-timing change. Corporate income tax will be paid monthly instead of quarterly for very large corporations…
