Forced to defend the broken promises embedded in its budget, the government has left people worried about hidden post-election agendas.
Penny Bradfield/AAP
Political and business leaders are touting the next 12 months as a make-or-break year for the country’s reform agenda - and Australia’s economy. A number of big changes will be proposed and debated. These…
Kansas Governor Sam Brownback was re-elected despite a tight fight over his tax cuts and resulting deficit, which were revealed to be worse than expected just days after the election.
Reuters
Republican gains in this month’s election, which handed the GOP united control of Congress for the first time since 2006, have lifted hopes that the government can pass corporate tax reform next year…
All over the world, tax revenues are under relentless attack. With help from accountants, lawyers and financial advisers, corporations are avoiding taxes through complex corporate structures, profit shifting…
Leaked documents reveal how multinational companies use PwC in Luxembourg to shift profits and avoid tax.
Nicolas Bouvy/AAP
Hundreds of advance tax agreements between Luxembourg and more than 300 taxpayers were leaked and published by the International Consortium of Investigative Journalists last week. The taxpayers involved…
No one likes tax but inheritance tax (or “death tax”) is the focus of particular moral outrage. On the face of it, this is odd. The reason tax is disliked is because it reduces the money you can spend…
The facts about mining revenues and taxation in Australia aren’t as clear as they should be under global transparency benchmarks.
AAP/Rebecca Le May
It’s a far-from-perfect instrument of global governance. But as the Extractive Industries Transparency Initiative (EITI) coalition celebrates its 12th birthday, it can point to steadily increasing membership…
A bitter inversion: AbbVie nixed its US$54 billion acquisition of Irish drug maker Shire after the US Treasury eroded the benefits of doing a corporate inversion.
Reuters
Corporate inversions have been front page news in the US for months with everyone from President Barack Obama to the man on the street expressing a view as their usage has surged. Unfortunately, many of…
We’ve all experienced the frustration of waiting for public transport, but would we pay more tax for improvements?
Purple Wyrm/Flickr
Although Australia’s tax-to-GDP ratio is low by international standards, no-one wants to discuss how we might pay for the improvements needed to public transport, and even less the need for taxation to…
Irish treasurer Michael Noonan is keen to ensure Ireland’s tax system remains “competitive”.
EU Council Eurozone/Flickr
Ireland has this week moved to change its tax law, closing the “double Irish” tax avoidance technique widely used by multinational enterprises including Google and Microsoft. In very broad terms, the current…
Finance minister, Michael Noonan, made bold predictions for the Irish economy.
Niall Carson/PA Wire
Ireland is to phase out its controversial “double Irish” tax scheme. It follows international criticism and the European Union’s investigation into the legalities of Apple and Ireland’s tax arrangement…
Whichever way you look at it, tax cuts cause losses for all.
PA Wire
One of the Conservative Party’s major promises to emerge in its party conference was the promise of tax cuts to reduce the burden of government on hardworking families who do the right thing. Many critics…
The ATO considers Bitcoin property, but rulings in other countries leave room for debate.
Pierre Sibileau/Flickr
It’s been about five years since bitcoin emerged online, claiming to be the world’s first digital cryptocurrency. Bitcoin functions as a form of digital cash; really, it is a technology, using cryptography…
A cheap or costly drop? You might be surprised to find out how Australian taxes on petrol compare to overseas.
AAP/Andrew Brownbill
UPDATED ON TUESDAY 22 JULY: See editor’s note below for details on the updates. In this year’s federal budget, the Abbott government moved to restart automatically increasing the fuel excise in line with…
Third time lucky: after a deal between Clive Palmer (right) and his Senate PUPs with the government, the carbon tax has finally been repealed.
Alan Porritt/AAP
UPDATED THURSDAY 17 JULY, 11:20am: Australia’s “carbon tax” has been axed – so what does it mean for you and for Australia? We asked Conversation readers to tell us on Facebook and Twitter what questions…
The Palmer United Party, including new Senator Jacqui Lambie, is unlikely to support unpopular but necessary tax reform.
Lukas Coch/AAP
It’s unlikely “The Political Sayings of Malcolm Fraser” is a well-thumbed volume in Tony Abbott’s library. Yet this week, in the wake of the Senate throwing his government’s budget plans into disarray…
Last year’s merger between Glencore and Xstrata has seen almost no tax paid in Australia in the last three years.
Gaetan Bally/AAP
Treasurer Joe Hockey has said that he will improve the structural integrity of Australia’s tax system to address international tax avoidance by multinational enterprises. In particular, the tax law will…
A recent report from think tank Per Capita highlighted increasing concern over inequality in Australia’s taxation system, particularly whether high income earners are paying their fair share of tax. Despite…
Westfield Retail Trust’s chairman Richard Warburton deferred a vote on controversial plans to spin off the group.
AAP/Dan Himbrechts
Roman Lanis, University of Technology Sydney and Ross McClure, University of Technology Sydney
Reports of the Westfield Group’s attempts to push through a A$15 billion restructure - complete with a boisterous showdown last Thursday - have mostly concentrated around the effect of the deal on its…
Taxes - and what we actually should use them for - are routinely ignored.
www.shutterstock.com
Joe Hockey’s first budget does not contain much tax reform, in spite of headlines on the “temporary budget repair levy”. It does contain some very big cuts to spending in the short and longer term - consistent…
The new budget has served up a big hit to Australia’s environment.
Anton Balazh/Shutterstock
Budgets are often framed as give and take. But in the case of the environment, the government is taking large amounts of money in cuts, while giving little back beyond funding the Direct Action climate…