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Scott Morrison: Online firms ‘had years to prepare for GST’

April 20, 2017

Scott Morrison: Online firms 'had years to prepare for GST' Ben Butler, The Australian, 18 April 2017 Scott Morrison has dismissed fears of tax experts and online retailers who say the industry has not been given enough time to get ready for new legislation extending the GST to imports worth less than $1000. The Tax

Coalition may limit number of properties investors can buy

April 20, 2017

Coalition may limit number of properties investors can buy Jacob Greber and Laura Tingle, The Australian Financial Review, 18 April 2017 The federal government has been examining ways to cap the value of tax breaks for housing investment as it continues to wrestle with the housing affordability issue. While the government has firmly ruled out

Financial distress looms due to spike in negatively geared properties among Australia’s poorest: report

April 20, 2017

Financial distress looms due to spike in negatively geared properties among Australia's poorest: report Nassim Khadem, The Sydney Morning Herald, 18 April 2017 Australia's poorest people are taking on negatively geared property investments, despite their inability to manage the risks, a new report from KPMG shows, putting them at severe risk of financial distress

eBay threatens to block Australian customers in response to ‘Amazon’ tax

April 20, 2017

eBay threatens to block Australian customers in response to 'Amazon' tax Misa Han, The Australian Financial Review, 17 April 2017 Online marketplace eBay is threatening to geoblock Australian customers to stop them from buying from overseas sellers if the government goes ahead with a 10 per cent GST on all goods imported into Australia

Oil companies build $238bn future tax buffer

April 13, 2017

Oil companies build $238bn future tax buffer Ben Butler, The Australian, 13 April 2017 Oil and gas companies have built a $238 billion shield against future resource tax bills through investment in megaprojects such as the Gorgon field, tax statistics show. Australian Taxation Office figures released yesterday show “exploration expenditure” claim­ed by industry players has

Consider Republicans’ tax plan, says economist Ross Garnaut

April 13, 2017

Consider Republicans' tax plan, says economist Ross Garnaut Patrick Hatch, The Sydney Morning Herald, 12 April 2017 Australia should consider a tax plan being pushed by Donald Trump's Republican Party which could stop multinational corporations avoiding tax, prominent economist Ross Garnaut says. Professor Garnaut said that while it was difficult to know what President Trump

Tax on some Australian families second highest in developed world

April 13, 2017

Tax on some Australian families second highest in developed world Eryk Bagshaw, The Sydney Morning Herald, 11 April 2017 The tax on an Australian family earning $82,000 a year has risen to the second highest rate in the developed world, figures from the OECD show. Australia's tax level now trails only Denmark's for a single-income

Negative gearing and CGT concessions a risk to financial system: Chris Bowen

April 13, 2017

Negative gearing and CGT concessions a risk to financial system: Chris Bowen Laura Tingle, The Australian Financial Review, 11 April 2017 Negative gearing and capital gains tax concessions are feeding a speculative bubble in housing which poses a systemic risk to financial stability, according to shadow treasurer Chris Bowen, ramping up Labor's pressure on

FactCheck: do 679 of Australia’s biggest corporations pay ‘not one cent’ of tax?

April 13, 2017

FactCheck: do 679 of Australia's biggest corporations pay 'not one cent' of tax? Fabrizio Carmignani, The Conversation, 10 April 2017 … 679 of our biggest corporations pay not one cent of tax. – Australian Council of Trade Unions (ACTU) Secretary Sally McManus, address to the National Press Club, Canberra, March 29, 2017. Speaking at the

Scott Morrison reaffirms Coalition’s opposition to changing negative gearing tax concession

April 13, 2017

Scott Morrison reaffirms Coalition's opposition to changing negative gearing tax concession Matthew Doran and Henry Belot, ABC News, 10 April 2017 No changes to negative gearing and a drive to increase private investment in the supply of housing are the key to making the market more affordable, Treasurer Scott Morrison says. In a key pre-budget