Labour has pledged to raise the rate of corporation tax to 26% by 2020. How much could this raise?
Because the threshold for the Medicare levy exemption is based on family income, the reform will reinforce the move towards higher effective tax rates on low income second earners in a family.
Joe Castro/AAP
With its recent budget changes, the government is proposing a rise in marginal tax rates across a wide band of middle incomes and a marginal tax rate cut for the top.
There are new requirements for various welfare payment recipients in the latest federal budget.
Jason Reed/Reuters
The administration’s plan to significantly cut the tax rate on so-called pass-through entities will likely lead to creative tax planning and outright evasion, damaging faith in the system.
With high capital costs linked to petroleum and gas infrastructure, collection of PRRT funds for regional development may be delayed for several years.
Phil Noble/Reuters
Local communities are likely to be dissatisfied with the report from the PRRT review because its recommendations only apply to future projects and won’t herald any changes in the budget.
If Australia adopted a similar approach to the Hong Kong to eliminate debt loading abuse, United States oil and gas giant Chevron would have been denied A$6.275 billion in interest deductions.
Ray Strange/AAP
New modelling shows governments need to ensure that corporations benefiting from the use of Australia’s resources, are contributing the same as they do in other jurisdictions.
The new GST laws will force Ebay and other online marketplaces to pay GST on goods sold by overseas sellers.
Beck Diefenbach/Reuters
Taxing meat may be unpopular, but an urgent problem calls for an urgent solution.
The actual corporate tax rate in Australia is considerably lower than 30% due to the high utilisation of imputation credits by shareholders.
Mick Tsikas/AAP
The company tax cut may signal to the world that Australia wants to be competitive on corporate tax, but it won’t make much of a difference to our largest businesses and multinationals.
US President Donald Trump argues manufacturing jobs are being lost to imports and multilateral trade agreements.
Jonathan Ernst/Reuters
A border adjustment tax would raise government revenue and boost jobs in export-driven industries, which tend to concentrate in the embattled manufacturing sector.
The UK government’s U-turn on a national insurance increase for self-employed people exposes the flaws in its approach to building a stronger and more inclusive economy.
Only about one-third of all registered charities are eligible for tax-deductible donations.
AAP/Joel Carrett
New research finds there are significant risks and uncertainties in the complexities of national and international tax systems as applied to internationally mobile employees.
Assets held until the retirement phase in super, can then be sold with no, or minimal, capital gains tax payable.
www.shutterstock.com
In his 2017/18 budget speech, South Africa’s finance minister Pravin Gordhan opted to focus on taxing high income earners to find desperately needed money.
Australian voters rejected carbon taxation. But some US conservatives are now embracing it.
AAP Image/Paul Miller
Taxing carbon has always been a tricky political sell for conservatives. But a group of establishment US Republicans is touting the idea of a carbon “tax and dividend” as a way to break the deadlock.