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.
ATO changes labelling on tax affairs deductions
The ATO has implemented a change to split the deduction label D10 “Cost of managing tax affairs” into three components: interest charged by the...
Labor’s 30% trust tax to raise $7.7 bn
According to a new costing by the Parliamentary Budget Office, Labor’s proposal will claw back $7.69 billion worth of revenue over the next three...
Number of SMSF wind-ups rises rapidly, ATO data shows
The latest data from the Australian Taxation Office (ATO) revealed that since 2014 the number of SMSF wind-ups has hovered around 13,000, before...
ATO to launch online application system for STR from 1 June
In less than a month, tax agents will be able to apply for a statement of tax record (STR) from the ATO via its new online system. The request...
PM labels his tax changes ‘tax reform’, re-commits to super tax halt
Addressing a NSW Business Chamber function this morning, Mr Morrison said that his party’s tax cuts — the biggest in personal income tax in about...
Labor’s Investment Guarantee to cut effective tax rate on new investment below 26%, says think tank
The Australian Labor Party (ALP) has announced an Australian Investment Guarantee to increase private-sector investment in projects offering...
Shorten defends negative gearing, franking credits changes
Federal Labor argues negative gearing concessions are too generous and are making it too hard for young people to enter the housing market. Read...
Super reform to hit small business payrolls
Superannuation experts warn payment compliance will be a key issue this year and say a Labor party policy to remove the threshold at which...
Government pledges $50m manufacturing support
Prime Minister Scott Morrison unveiled plans for a new Manufacturing Modernisation Fund should the government win the May 18 election, which he...
Labor pledges tax cut for small business
Bill Shorten said at Labor’s campaign launch in Brisbane that, if elected, his party will cut taxes for all businesses with an annual turnover of...
