Articles on Income tax

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Treasury Secretary Steven Mnuchin offers details of his boss’ proposed tax cut. ‘It’s big.’ Carolyn Kaster/AP Photo

Would Trump’s tax cut be the biggest ever? Fat chance

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.
Mark Zuckerberg and Priscilla Chan are giving billions to charity through their donor-advised fund instead of a traditional foundation. Jeff Chiu/AP Photo

Donor-advised funds: Charities with benefits

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?
Malcolm Turnbull plans to raise the idea of states’ access to income tax at this week’s COAG meeting. Dean Lewins/AAP

Turnbull’s reform pitch – state access to income tax

Just when we thought the tax debate was winding down to minimalism, as least as far as the federal government was concerned, Malcolm Turnbull has decided to throw a curveball. The government is preparing…

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