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Articles on Income tax

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Minister for Finance Mathias Cormann, Prime Minister Malcolm Turnbull and Treasurer Scott Morrison announce the passage of their income tax package. AAP/Mick Tsikas

VIDEO: Michelle Grattan on the federal government’s tax package, the ABC and the ‘Super Saturday’ byelections

It was a busy week in politics, with the federal government passing its income tax package, more squabbling over the ABC, and all parties gearing up for the July 28 byelections.
Mathias Cormann won Senate support for a motion for the bill when it is returned on Thursday to be voted on without further debate. Mick Tsikas/AAP

Government set to call Senate’s bluff on income tax bill

The Senate on Thursday is set to pass intact the government’s $144 billion three-stage income tax package - but whether the plan is fully delivered will depend on who wins the election.
Forecasting income tax a decade into the future is a tricky proposition. AAP Image/Joel Carrett

The Coalition’s income tax cuts will help the rich more, but in a decade everyone pays more anyway

The income tax cuts in the 2018 federal budget are likely to be modestly regressive, giving high earners a lower share of the overall tax burden. But by 2028 income tax will be higher across the board.
Richard Di Natale said that Australia had a “tax avoidance system” rather than a “tax system”. Erik Anderson/AAP

Greens urge Buffett rule to get more tax from high income earners

The Greens plan would bring in “a Buffett rule” to ensure higher income earners paid their fair share of tax by limiting deductions made by those earning more than $300,000.
The key reason for the squeeze on household spending and saving is of course the ongoing weakness in the growth rate of household disposable income. Lukas Coch/AAP

Budget policy check: does Australia need personal income tax cuts?

The government says personal income tax cuts are needed to provide relief from low wages and high cost of living, but will tax cuts make up for that?
Filling out tax forms used to be an exercise in legalese torture for Canadian taxpayers. Canada has come a long way, but can still to more to simplify filing taxes. THE CANADIAN PRESS/Chris Young

Doing taxes used to be an even bigger pain

In the 1950s, Canada made it easy for employees to file their income tax. Now let’s simplify the process for others, too.
The economic credentials and plans of the two major parties are shaping up as a big election battleground. www.gotcredit.com

Politics podcast: Michael Keating on a Fair Share

Politics podcast: Michael Keating on a Fair Share The Conversation54.4 MB (download)
Keating told The Conversation that taxation revenue will need to rise by another 3 percentage points of GDP in the next three decades.
About 1 in 20 taxpayers may fill out this part of their returns beginning with the 2018 tax year. Sean Locke Photography/Shutterstock.com

Charity and taxes: 4 questions answered

The lost incentives to give are likely to make a bigger difference than the small uptick in economic growth expected from the new law.
Malcolm Turnbull has moved to hold out the prospect of tax relief for individuals. Daniel Munoz/AAP

Income tax relief on Turnbull’s agenda

Malcolm Turnbull has raised the prospect of personal income tax relief to help middle-income earners.
Finance Minister Bill Morneau is not the first Canadian politician to hold the job who’s been confronted with outrage over tax reform proposals. But it’s time to listen to people who get riled up about tax increases. THE CANADIAN PRESS/Andrew Vaughan

Why we should listen to people angry about their taxes

Outrage over tax reform is nothing new. But if we can’t be calm about tax, we can at least learn from the stories spoken in anger.

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