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Triguboff lashes $650m tax and levy slug

September 21, 2017

Triguboff lashes $650m tax and levy slug Ben Wilmot, The Australian, 21 September 2017 Harry Triguboff, Australia’s biggest builder of apartments, has lashed out at excessive red tape and hefty taxes levied on his property empire, revealing his Meriton group’s projects and its unit buyers ploughed about $650 million into federal, state and council coffers

Almost $18b in lost super waiting to be claimed

September 21, 2017

Almost $18b in lost super waiting to be claimed John Collett, The Sydney Morning Herald, 21 September 2017 Almost $18 billion of lost super is waiting to be claimed, with Sydney's Liverpool, Campbelltown, Surry Hills, Darlinghurst and Bondi featuring among the top 10 locations nationally for unclaimed funds. As at June 30, the Australian Tax Office held records of more than 6

BHP willing to head to court against ATO tax bill

September 21, 2017

BHP willing to head to court against ATO tax bill Nassim Khadem, The Sydney Morning Herald, 21 September 2017 BHP is willing to head to court to fight the Australian Taxation Office on a more than $1 billion tax bill over its Singapore marketing hub. The world's largest miner has continually defended its Singapore marketing hub, where

Sugar tax will just hurt the poor: Senator David Leyonhjelm

September 21, 2017

Sugar tax will just hurt the poor: Senator David Leyonhjelm Clarissa Bye, The Daily Telegraph, 20 September 2017 LIBERAL Democrat Senator David Leyonhjelm has slammed the “fat police” over renewed calls for a sugar tax on soft drink, saying it was akin to the nanny state “rummaging through our fridges”. Prime Minister Malcolm Turnbull also

Build-to-rent rules challenged

September 21, 2017

Build-to-rent rules challenged Ben Wilmot, The Australian, 20 September 2017 The tough new rules on Australia’s nascent build-to-rent sector proposed by the federal government could restrict investment in the area and crimp the asset class that has the potential to relieve pressure on the housing sector, a top analyst has warned. Treasurer Scott Morrison last

ATO still plays unfair legal games against small business

September 21, 2017

ATO still plays unfair legal games against small business Robert Gottliebsen, The Australian, 20 September 2017 It looks like the officials in the Australian Tax Office have learned little in the last 10 months and are still thirsting to play unfair legal games against small business. Almost 10 months ago I thought we might see

Nobel-prize winning economist Joseph Stiglitz on how to stop inequality and tax avoidance

September 18, 2017

Nobel-prize winning economist Joseph Stiglitz on how to stop inequality and tax avoidance  Nassim Khadem, The Sydney Morning Herald, 18 September 2017  One of the most memorable images from the 2016 US election campaign was of Donald Trump celebrating his delegate victory with McDonald's – he's eating a Big Mac and fries on his luxury private jet.  The flamboyant

EU plans new tax to stop Google sending ‘bags of money’ offshore

September 18, 2017

EU plans new tax to stop Google sending 'bags of money' offshore  Mark Deen, Radoslov Tomek and Viktoria Dendrinou, The Australian Financial Review, 17 September 2017  France's campaign to impose a new European Union-wide levy for digital companies such as Amazon.com Inc. and Facebook Inc.ran into early difficulties amid opposition led by Ireland  French Finance Minister Bruno Le Maire told colleagues at

Treasury shouldn’t expect capital gains tax ‘rush’ after GFC losses exhausted

September 18, 2017

Treasury shouldn't expect capital gains tax 'rush' after GFC losses exhausted Joanna Mather, The Australian Financial Review, 17 September 2017 Treasury has been tipping it for some time but 2017 could finally be the year: the year that the majority of superannuation funds finally exhaust their GFC-related losses and start paying bigger capital gains

Scott Morrison slams property sector for wanting unfair build-to-rent tax breaks

September 18, 2017

Scott Morrison slams property sector for wanting unfair build-to-rent tax breaks Jacob Greber, The Australian Financial Review, 17 September 2017 Treasurer Scott Morrison has lashed out at the property sector and Labor opposition saying they are effectively demanding for developers a tax concession that would be out of reach for most other Australian investors. Speaking