TOPIC
The 2026 global economy: nervously muddling through
The world economy enters 2026 in a nervous state. Volatility and cautious consumers are the norm, even though growth has proven surprisingly resilient.
The year that was
The beginning of the pandemic in 2020 — along with the subsequent raft of new compliance and support payments that tested small businesses and...
ASIC to focus on greenwashing and predatory lending in 2023
ASIC deputy chair Sarah Court highlighted the need to protect consumers from financial harm and uphold the integrity of Australia’s financial...
Tax ombudsman received more than 1,300 complaints in 2021–22
The report stated the IGTO has 381 dispute investigations on hand (still in progress) as of 30 June 2022 with the majority of complaints received...
Large corporates paid over $68bn in income tax in 2020–21
In its eighth annual CTT report, the ATO revealed that Australia’s biggest corporations paid more than $68 billion in tax. ATO Deputy...
Proposed work-from-home tax changes would mean lower deductions or more paperwork
Under the proposed changes, those working from home would not be able to claim expenses such as internet, electricity and mobile separately using...
Tax compliance still a concern for Australia’s high-profile groups
The ATO released its latest report on the Next 5,000 group that found among other things that a high proportion has governance processes and...
IR reforms will end up closing small business, says advocate
She said the views of female small-business owners had been overlooked in the sometimes heated debate over the Secure Jobs, Better Pay Bill...
Higher rises in living costs for employee households
The results showed that employee households’ living costs rose 2.6 per cent compared to a 1.8 per cent increase for the consumer price index —...
More than $400k recovered for Brisbane workers
Fair Work inspectors investigated 77 businesses across a range of suburbs, including Brisbane CBD, South Brisbane, Fortitude Valley and Sunnybank...
Inflation expectations surge on CPI
Among the mainland states, confidence increased in NSW and South Australia, while it was down in Victoria, Queensland and Western Australia....
