The Tax Office has provided further details on the types of situations in which it would seek to secure funds to cover potential tax liabilities under its private capital program.
Tax
Bold claims by the opposition leader that bracket creep was a “stealth raid” on hardworking Australians have been slammed as a “huge stretch”.
A repeat offender has been banned from managing corporations following the collapse of three companies that owed creditors a total of over $14 million.
The ATO says it will not change its approach to property development issues following the recent Morton decision involving the subdivision of farmland.
The proposed CGT reforms are unfair. They do not simply change how capital gains are taxed; they change who the tax system rewards, writes Deanne Firth.
ASIC has highlighted increased enforcement and surveillance intentions for the new financial year.
The big four firm has advised taxpayers to start preparing market valuation evidence ahead of the 1 July 2027 deadline for the new CGT regime, particularly for unlisted assets.
The Tax Institute has called on the ATO to provide greater clarity and consistency in its thin capitalisation reforms to make investment in Australia more appealing.
The Albanese government is introducing legislation to deliver more tax cuts for Australian workers and tax reform to help more Australians own a home of their own. However, an accounting body says it risks creating more ...
The absence of a transfer duty roll-over in Western Australia will condemn thousands of small businesses to crippling costs when the federal government’s minimum trust tax takes effect, a tax specialist warns.
Australia’s taxation system is facing growing structural pressures from ageing, healthcare, defence, and economic transition costs, a new publication has suggested.