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Recent investigations have shown that the tax system is being used as a weapon by domestic abusers. Perpetrators have been placing tax debts onto victims, requiring the Australian Tax Office to pursue them and collect the debts from the victim. Jahan Rezakhanlou asked University of NSW Gendered Violence Research Network Professor Jan Breckenridge about this …
Domestic abusers use tax system to exploiting victims Read More »
The Electric Vehicle Fringe Benefit Tax incentive is a major factor in the federal government’s plans for net zero emissions by 2030. As part of this program, employees with company car allowances in their salaries will pay no Fringe Benefit Tax on said cars. However, while numbers of Electric Vehicles on the roads have increased, …
How effective is the Fringe Benefit Tax incentive on Electric Vehicles? Read More »
A new research by The Australia Institute found out Australia could benefit from imposing a tax on plastic packaging. Countries around Europe have implemented the same scheme, and the research showed Australia could raise $1.5 billion a year with the levy, equivalent to $1300 per tonne. Around 85 per cent of Australians support the idea …
Plastic packaging tax could benefit Australia: research Read More »
The Mid-Year Economic and Fiscal Outlook (MYEFO) is primarily a budget update, but sometimes can be a mini budget with further changes or more policy initiatives. In fact this time there is $4.7 Billion of Government policy initiatives that we don’t yet know about. Hopefully more announcements will come, but the boost to the budget …
As the Treasurer Jim Chalmers has bluntly said there will be no extension to the middle and low income earner tax rebate and this could mean tax rebates of around $600 less come June 30 this year. For the Government who ran an election campaign on cost of living pressures, this additional hit along with …
It was confirmed yesterday that the top band of super over $3 million would be taxed at 30% up from 15% currently. In the lead up to last years election PM Anthony Albanese said that there would be no changes to super, so many were caught by surprise with this measure. Treasurer Jim Chalmers is …