Taxation

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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

Not all corporate tax avoiders will be snared by new rules

Only certain multinationals will be targeted under new corporate tax avoidance rules announced by Treasurer Joe Hockey.
Prime Minister Tony Abbott and Treasurer Joe Hockey have come under increasing pressure to crack down on tax avoidance and white collar crime. AAP Image/Lukas Coch

Hockey targets white collar crime, but forgets whistleblowers

If Treasurer Joe Hockey is serious about cracking down on white collar crime, he should bolster the new Serious Financial Crime Taskforce with stronger whistleblower protection legislation.
Apple Australia Corporate Vice President Tony King told a senate committee the company’s effective tax rate was above 30%. Nikki Short/AAP

Explainer: the ATO plan to deter corporate tax avoidance

A new formula adopted by the ATO is likely to act as both a detection tool and deterrent to corporate tax avoidance.
Labour may get less than they’re hoping for with their tax proposals. Joe Giddens/PA Wire

Manifesto Check: Labour’s tax plan may fail to raise revenue

Labour's manifesto promise of fairer taxes – re-introducing the 10p tax and raising the top rate for high earners – sounds good. But they may not see the benefits in reality.
Has treasurer Joe Hockey already made up his mind about the more controversial tax suggestions in the recent Re:think discussion paper? AAP/Lukas Coch

The Tax white paper - only good for fish and chips now?

Treasurer Joe Hockey's media comments this week around contentious tax issues don't bode well for the Taxation White paper.
Paper filing may soon be a thing of the past. But increased automation means humans will be more important than ever. Crumpled 1040 via www.shutterstock.com

Overlooked costs of IRS budget cuts will hit taxpayers hardest

Congress has shortchanged the IRS by $7.3 billion over the past five years, and taxpayers will increasingly pay the price.
Greens leader Christine Milne argues Australia is not doing enough to combat corporate tax avoidance. Lukas Coch/AAP

Experts caution Australia on unilateral ‘Google tax’

Treasurer Joe Hockey is considering a Google tax similar to that introduced in the UK, but experts warn it could derail global action on tax avoidance.

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