The Stage 3 cuts would make Australia’s income tax system the least progressive in 60 years.
Individual givers, including celebrity couple Chrissy Teigen and John Legend, are the main source of charitable support.
Photo by Andy Kropa/Invision/AP
Although far fewer Americans took the charitable deduction on their tax returns, giving stayed fairly steady, according to the annual Giving USA report.
Coalition leader John Hewson had trouble selling his economic policy platform to the electorate.
NATIONAL ARCHIVES OF AUSTRALIA
All the polls suggested the Keating government would be finished at the 1993 election – until Opposition Leader John Hewson launched a 650-page policy document called “Fightback!”.
Marital status is a defining characteristic of U.S. tax law.
AP Photo/Keith Srakocic
South Africans debating the zero rating of certain products for VAT purposes must realise it isn’t a panacea for poor people and should be accompanied by other policies.
Minister for Finance Mathias Cormann.
AAP Image/Mick Tsikas
Minister for Finance Mathias Cormann said corporate tax cuts in the US had led to ‘stronger investment, stronger growth, a lower unemployment rate and higher wages’. Let’s take a closer look.
Should wealthy Canadians pay an inheritance tax? In this photo from 2002, David Thomson listens during the annual meeting of Thomson Corp. The Thomsons are considered Canada’s richest family.
(CP PHOTO/Aaron Harris)
Canada is the only G7 country that doesn’t have an inheritance tax. A new report says that should change. The idea of sharing the wealth from one generation to another is not new.
The review of South Africa’s list of zero rated VAT items faces a tricky challenge of shielding the poor while ensuring that the relief isn’t exploited.
Headquarters of the US Department of Housing and Urban Development in Washington, DC.
Carol M. Highsmith/Library of Congress
An April 2017 survey explored Americans’ opinions about government intervention and welfare policies. It found that on average, they want more from their government, but are highly polarised.
Treasurer Scott Morrison has revealed changes to how GST revenue will be allocated to states.
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Housing affordability has declined significantly over the past few decades. Slowly reducing negative gearing and capital gains, and switching to property taxes, could reverse this trend.
Amazon has restricted Australians’ access to goods from its American site because of the GST reforms.
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The complexity of the reforms might jeopardise the necessary cooperation of overseas businesses, and place consumers at risk of paying wrongly charged GST.
Older and poorer Australians aren’t benefiting from negative gearing.
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Congress changed the tax system to benefit companies with overseas operations but failed to help Americans actually living abroad, who still face punitive taxation.
Chris Bowen says that failure to reform negative gearing and family trusts will put increasing tax pressure on low- and middle-income earners.
Mick Tsikas/AAP