There has been a great deal of research, planning and talking to come up with solutions to South Africa’s higher education funding crisis. Some of these plans must now be put into action.
Do the Chancellor’s sums add up.
Sean McGee Hicks/Flickr
Australian Council of Social Service chief Cassandra Goldie told Q&A that Australia is among the lowest-taxing countries in the OECD. Is that accurate?
Economic reality has intruded on rosy budget predictions for years now and the Pre-election Economic and Fiscal Outlook may soon challenge Treasurer Scott Morrison’s forecasts.
AAP/Mick Tsikas
Budget repair was put off till later, and the net impact of decisions in the budget was small, but it will be easier to defend in the coming election campaign than some other recent efforts.
Unfortunately, there’s no pill for the U.S. tax code.
Reuters
Obama calls them insidious and others have described inversions as unpatriotic, but what they really do is show just how much of a mess the corporate tax code is.
Apple, Google and Facebook are in a row over taxes in Europe.
Reuters/Robert Galbraith
The budget showed some sense of urgency but still fell short on implementation plans. There should have been more, particularly details on cost-cutting initiatives.
There are some relatively easy administrative ways of tackling bracket creep.
AAP/Mick Tsikas
Roman Lanis, University of Technology Sydney and Ross McClure, University of Technology Sydney
BHP Billiton’s Andrew Mackenzie says his firm is Australia’s largest taxpayer, pays an average of $8 - $10 billion of tax in Australia every year and has an effective tax rate of 45%. Is that right?
Treasurer Joe Hockey has announced new rules allowing the Tax Commissioner will have the power to to recover unpaid taxes and issue a fine of an extra 100% of unpaid taxes, plus interest.
AAP Image/Lukas Coch
A new formula adopted by the ATO is likely to act as both a detection tool and deterrent to corporate tax avoidance.
Opposition leader Bill Shorten, Shadow Treasurer Chris Bowen and Shadow Assistant Treasurer Andrew Leigh have said their multinational tax package will make big firms pay their fair share.
AAP Image/Mick Tsikas
The tax package recently announced by the Federal Labor party is clearly well intentioned but it misses the point about multinationals paying their fair share.
The corporate tax wrecking ball may fall hardest on workers.
Tax ball via www.shutterstock.com
Some may be surprised to hear the Corporate Tax Association (CTA) is calling for greater transparency around the tax paid by companies. One may ask why major companies would prefer to enhance transparency…
It is true that our “headline” (or statutory) corporate tax rate of 30% is higher than that of many other countries.
(AAP Image/Dean Lewins)
Kevin Davis, Australian Centre for Financial Studies
“Well, Jon, the Government’s about to bring in a 1.5% corporate, or company, tax cut from the 1st of July. That’s something that obviously we support, because (the) corporate tax rate at 30% is not competitive…