Fraudsters have managed to exploit security gaps in the federal government’s early release of super scheme. Here’s what to look out for.
Glencore’s lawyers argued anything about the company in the Paradise Papers was “privileged” and the tax office should be prevented from using that information.
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On Q&A, Australian Chamber of Commerce and Industry chief executive James Pearson said almost 60% of small business owners in Australia are paid $50,000 or less. Is that right?
ACTU Secretary Sally McManus addressing the National Press Club in Canberra.
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In a speech to the National Press Club in Canberra, ACTU Secretary Sally McManus said 679 of Australia’s biggest corporations pay “not one cent of tax”. Is that right?
The Australian Tax Office has found that nearly 14% of Australian farmland is held by foreign investors.
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Katter’s Australian Party federal MP Bob Katter said 30% of the Northern Territory’s farmland and 22% of Tasmania’s farmland is foreign-owned. Is that true?
Transparency and public accountability should extend to private companies.
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They say forcing private companies to disclose their taxable income will lead to kidnap. But that’s just the beginning of the poor excuses.
Uber drivers have been classified as taxi drivers and will have to register for GST. Uber says they will challenge the decision.
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A recent decision by the tax office that ride sharing services must pay GST has infuriated Uber. But are they being singled out?
Microsoft Corporation’s Bill Sample, Google Australia’s Maile Carnegie and Corporate Vice President of Apple Australia Tony King appeared before Senate committee public hearings on corporate tax avoidance last week.
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The Henry Tax Review identified 125 taxes within Australia levied by all levels of government. Of those 125 taxes, just 10 taxes raised 90% of all tax revenue. The company tax is the second largest source…
Water is just as critical as land for farms like Cubbie Station.
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Prime Minister Tony Abbott has announced long-promised changes to the rules for foreign land purchases and ownership in Australia. There are two key changes. First, the Foreign Investment Review Board…
Your voice can now be your password – well, for the ATO anyway.
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Ben Kraal, Queensland University of Technology and David Dean, Queensland University of Technology
You may have read reports that the Australian Tax Office (ATO) has introduced voiceprint technology which aims to do away with cumbersome identity-verification processes on the telephone. When you phone…
The ATO considers Bitcoin property, but rulings in other countries leave room for debate.
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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…
Tax evasion campaigns are not new, but with them often comes an amnesty designed to maximise government revenue.
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The Australian Taxation Office continues its campaign to track down the offshore bank accounts of wealthy Australians, amid a global effort to improve tax transparency. One option the ATO has in its kit…
There are any many reasons why someone might choose to sell assets after moving into retirement, none of which involve tax avoidance.
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Trustees of self-managed superannuation funds (SMSF) may have caught their breath this week when they read that the Australian Taxation Office had its eye on capital gains that were going tax-free once…