Today marks eight weeks until the end of the financial year. A more orderly approach instead of a mad rush on deadline day means you can tweak the system to maximum effect.
US President Joe Biden is planning to double the amount of capital gains tax paid by the wealthiest Americans, while the Morrison Government is eyeing an extension of tax cuts in the upcoming Budget.
Danielle Le Messurier
Millions of Australians could be worse off if the $1080 low and middle income tax offset ends as planned at the end of this financial year.
Worrying about being left with a huge tax bill is not a pleasurable or productive experience. But you could save yourself a lot of heartache by ignoring these myths ...
WA craft brewers say a proposed beer tax cut would allow them to scale-up faster as demand rises for boutique beverages.
There are calls for drastic changes to stamp duty to help lure landlords back in to the market after a 75 per cent fall in investor finance in WA over the past five years.
Australians could be hit with a $610 tax hike if the Government implements a key recommendation from the aged care royal commission.
The State’s peak body for business has “faith” it can convince popular Premier Mark McGowan of the need to introduce meaningful tax reform, despite his refusal to budge on the issue.
Danielle Le Messurier & Kate Purnell
There are calls for short-term incentives such as land tax rebates to help entice investors back into the market, as economists predict prices could jump 12 per cent this year.
The latest accounts for Facebook Australia reveals complex arrangements between subsidiary companies in tax havens overseas.
Lower LNG prices as a result of the COVID pandemic are likely to delay tax payments as new projects take longer to recover costs.
The tax office has confirmed it is in talks with about 10 companies that have volunteered to give back the wage subsidies.
Stamp duty for seniors would be decreased by up to $15,000 by a WA Liberal Government — and Opposition leader Zak Kirkup has not ruled out further property tax reform.
Streaming behemoth Netflix Australia pays meagre amounts of tax in Australia due to a corporate structure allowing it to escape paying its fair share.
Leaving tax planning until the last minute can be costly, so here are some early bird strategies to grab bigger deductions this year.
Cabinet documents for 2000 reveal the extensive effort conducted in the lead-up to July 1, 2000 to prepare the nation for John Howard’s ‘great tax adventure’.
Further payroll tax reforms are needed to stop WA businesses losing work to the eastern states, industry leaders say, amid concern from traders who say it discourages growth.
Four West Australian businesses are among the country’s top 10 biggest taxpayers, paying a combined $7.68 billion to the Australian Taxation Office.
A WA man submitted a number of claims to the tax office in a bid to pocket more than $1 million but there was just one problem... he didn’t have the job to justify his massive taxable income.
The measure is part of the Government’s JobMaker plan to drive investment, create jobs and further support the economic recovery from COVID-19.
Premier Mark McGowan has warned the rest of Australia he is prepared to ‘go to war with everything at our disposal’ if other States join NSW’s ‘campaign’ to undermine our share of the GST.
NSW wants WA stripped of its GST top-up payments, complaining that the hard-won reform of the distribution system is ‘profoundly unfair’ — prompting State Treasurer Ben Wyatt to hit back.
For some seniors, some basic planning could mean you never need to interact with the tax office again but you’ll still get your tax refunds.
The Australian Taxation Office has disputed claims by the Perth founder of new carpooling app ReddyRide that most drivers won’t have to declare income tax.
© West Australian Newspapers Limited 2020