Tax havens such as the Cayman Islands, Switzerland, the British Virgin Islands and Panama have a few key things in common.
Governments of countries, like Panama, where secretive companies operate need better laws to comply with international tax agreements.
Rita Willaert/ Flickr
Governments shouldn’t have to rely on major international information leaks like the Panama Papers to get information about companies’ tax avoidance abroad.
Brazil is reeling from the political corruption scandal involving former President Luiz Inacio Lula da Silva (pictured on the fake bills) and members of the current government.
Reuters
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?
The proposal to remove the tax threshold for backpackers on working holiday maker visas might deter them.
Julian Smith/AAP
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 Curtin Labor Government in 1942 started the process to take income tax from the states.
National Library of Australia
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.
Prime Minister Malcolm Turnbull faces an uphill battle convincing all the states to agree to federation reform.
Paul Miller/AAP
A new study on inequality analyzes the impact of fiscal policy, dramatically altering the standard view of rich and poor in America. It may also change how voters and candidates think about the issue.
Scutiny of the £130m settlement leaves the Public Accounts Select Committee
struggling to follow the HMRC strategy.
Treasurer Scott Morrison says the changes to foreign investment scrutiny will give the ATO greater powers to crack down on tax avoidance.
AAP/Mick Tsikas
South Africans spend billions of rands paying for services that should be provided by government, thus making the tax burden considerably higher than what appears in official tax data.
Restricting the tax offsets for investing in start-ups to just those with plenty of money will hurt entrepreneurs.
RicardoCorralT/flickr
The government should be encouraging informal investors to put their money into start-ups, not barring them from tax offsets that encourage them to do so.