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Thursday, June 13, 2024

Latest news: Tax

ACT sees record increase in taxation revenue

The ACT had the biggest increase in taxation revenue in the country this past financial year, and is the second-highest taxing jurisdiction.

Wealthy Australians called on to pay more for aged care

Wealthier Australians are being urged to pay more for aged care so the government can help older people with lesser means access residential and in-home services.

Senators urged not to ‘stuff around’ on tax relief

As Australians continue to struggle with the price of groceries and mortgages, the government has urged senators to quickly pass its reformed tax cuts.

Aussies back tax changes but opponents want more info

Half of the nation's high-income earners back Labor's proposed tax changes as analysis shows most of the benefits will still flow to the rich.

PM defends tax cut backflip as living costs soar

The prime minister has defended his reworked income tax package as the best way forward for struggling workers.

PM considering tax cut expansion for financial relief

Prime Minister Anthony Albanese has vowed tax cuts for all, as the federal government prepares to mull over measures aimed at reducing the cost of living. As speculation swells over possible changes to...

PM confirms contentious stage three tax cuts to stay

Aussies earning high incomes will still get their tax cuts amid a cost-of-living crisis, as the government considers how to provide further relief for people.

High Court rules against Victoria’s electric vehicle charges

The High Court has ruled the Victorian government unlawfully charged electric, hydrogen and plug-in hybrid vehicle owners a fee for each kilometre they travel.

Petroleum tax changes to help Australia ‘back on track’

An overhaul of the petroleum resource rent tax will make a meaningful contribution to the budget and help get Australia's finances back on track, Treasurer Jim Chalmers says.

ACTCOSS calls for more taxes on wealthy

ACTCOSS wants the government to stop the Stage Three tax cuts, and invest in public services and support for the people who have the least.

Industry bodies call for national housing plan

The recent release of the House of Representatives Standing Committee on Tax and Revenue's report on housing affordability and supply has been welcomed by organisations.

Vacancy tax on the cards for local shops in Canberra

There may be a potential end to Canberra’s high commercial vacancy rate, with Greens MLA Johnathan Davis calling for an investigation into a potential vacancy tax.

ATO urged to fix rapid antigen test tax traps

The Australian Tax Office needs to urgently clarify the tax deductibility status of Rapid Antigen Tests (RAT), the National Road Transport Association said today.