tax

Tax chief Chris Jordan says his black economy task force has been successful in educating small businesses about their obligations.The ATO’s 2020/21 annual report shows that the so-called “tax gap” for small businesses was $12.5 billion in…

US billionaires would pay tax on unrealised gains from their assets to help finance President Joe Biden's emerging social-policy and climate-change legislation, according to a proposal unveiled by the top Senate Democrat for tax policy.The…

LoadingOne day after Treasurer Jim Chalmers fuelled a debate on the cuts by saying he would put a priority on good economics rather than politics in the budget, Finance Minister Katy Gallagher hinted the policy could be changed in…

So will these tax cuts solve bracket creep?Yes, but mostly for people earning over $180,000, McMenamin said.“Across the rest of the income spectrum, it actually doesn’t address bracket creep that well,” he said.However, EY chief economist…

Australians face a big rise in the cost of a pint, with the country’s beer tax recording its biggest increase in more than 30 years.As of Monday August 1, the beer tax goes up 4 per cent, adding about 80-84 cents to the cost of a pint of…

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“Most importantly, have already been budgeted for. They’ve been baked in and reflected in our budgets for a number of years. That’s a very, very different experience to the UK....We shouldn’t be comparing one country’s tax policy to…

Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019.Scott Morgan | ReutersResearchers applied the Inflation Reduction Act's new 15% corporate minimum tax…

Larry SummersCameron Costa | CNBCLONDON — Former U.S. Treasury Secretary Larry Summers on Tuesday warned that the U.K. has lost sovereign credibility after the new government's fiscal policy sent markets into a tailspin.The British pound …

Arizona veterans with disabilities have not been eligible for property tax exemptions for more than three decades.A proposal on November's ballot could change that.Property tax exemptions reduce the assessed value of a person’s real estate,…