tax cuts

Opposition Leader Peter Dutton had his microphone cut off during a heated showdown with Anthony Albanese over a contentious immigration detention ruling. So far, much of this year’s second-last question time has been dominated by Labor’s…

One of Australia’s leading economists has urged the federal government to delay stage three tax cuts, warning that moving ahead with the proposed timeline will further inflate prices.The controversial tax cuts will give Australians earning…

Younger Australians helped propel the Labor Party and Anthony Albanese into power at the last election, but new research shows Generation Z and Millennials have lost faith in the government.A survey conducted by youth advocacy group Think…

Nearly one third of the largest companies in Australia paid no income tax in 2021-22, according to the Australian Taxation Office (ATO).It’s not unusual for large companies to pay no income tax in a given year, since income tax is paid on…

It’s the Melbourne Cup rate rise that the big banks are betting on, but one leading economist has broken ranks to urge the Reserve Bank to hold fire.Interest rates are set to rise on Melbourne Cup Day according to most experts, with…

Major retailers such as JB Hi-Fi are facing the threat of investors voting against the election of male directors because they have failed to meet expectations that 30 per cent of their board are made up of women.The Australian Council of…

Blokes are the biggest winners under income tax cuts Anthony Albanese will hand out next year, and the Greens claim the cost is set to blow a $313 billion black hole in the budget.The reason is simple – the gender pay gap means that men…

Jim Chalmers has conceded wealthier Australians will benefit the most from the stage three tax cuts but suggested the policy will protect people on lower incomes from bracket creep.The Albanese government has not made any changes to the…

Australia’s rich – the top 20 per cent of income earnings – will be $5378 better off in the coming financial year and the next due to tax cuts and will receive bigger benefits than all other workers.New research showed that the stage three…

A Melbourne businessman has hit back after receiving backlash for an “obscene” display of wealth during a time when so many Aussies are struggling.Entrepreneur and tech businessman Adrian Portelli caused a stir this week after paying to…