The United States has implemented a 25% tariff on steel and aluminium imports, affecting all countries, including Australia. Despite Australia’s attempts to secure an exemption, the White House has decided …
Tax
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A recent report by the Australian Council of Social Service (ACOSS) has highlighted that two tax concessions are significantly favouring Australia’s wealthiest individuals while exacerbating the housing affordability crisis. The …
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Hundreds of residents gathered outside the Gold Coast council chambers to protest against the controversial “view tax”, which has led to rate increases of up to 50% for apartment owners. …
- National
Shock for Sydney Family as They Receive Unexpected $116,000 Land Tax Bill Due to Technicality
by adminAn Australian family has been shocked to receive a massive $116,000 land tax bill due to foreign investor regulations after they temporarily left the country to care for a sick …
- Cost of Living
Experts Urge Overhaul of Australia’s Tax System Amidst Demands for Fresh Reductions
by adminA new tax cut proposed by Pauline Hanson and One Nation aims to assist Australian couples with children by allowing them to split their income for tax purposes. This would …
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Former Liberal politician Adam Richard Brooks has avoided a conviction for tax offences after pleading guilty to failing to file income tax returns for the financial years 2019 and 2022. …
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Treasurer Jim Chalmers has confirmed that the federal government will not implement any new taxes in this year’s budget, maintaining a primary focus on alleviating cost-of-living pressures. During a press …
- Cost of Living
Increased welfare payments, pricier passports, and salary hikes: All the changes coming into effect from January 1, 2025.
by adminAs January 1 ushers in a new year, it also brings a variety of changes across Australia, affecting welfare payments, laws, taxes, and wages. Key updates include a 3.8% rise …
- Finance
ATO secures $100 billion in tax from major corporations, yet nearly a third contributed nothing at all.
by adminIn the 2022-23 financial year, nearly one-third of large businesses in Australia, totalling 1,253 entities, did not pay any tax, according to the Australian Taxation Office (ATO). This figure marks …
- Finance
Over a Million Australians Have Yet to Submit Their Tax Returns as Deadline Draws Near
by adminWith just a week left until the October 31 deadline, over 1.5 million Australians have yet to submit their tax returns, putting them at risk of penalties. So far, 9.4 …
