www.fgks.org   »   [go: up one dir, main page]

Skip to navigationSkip to contentSkip to footerHelp using this website - Accessibility statement
  • Advertisement

    Tax cuts

    This Month

    Donald Trump holds a news conference on Capitol Hill.

    Trump promises tax cuts in pitch to top CEOs

    The former president delivered his populist economic pledges to Wall Street titans at a business roundtable event in Washington before the US election.

    • Matthew Cranston
    Borrowers should do a mortgage health check at least once every 12 months.

    How stage three tax cuts can save you $322,000 on your mortgage

    Directing tax savings to a mortgage can pay off handsomely over the long term.

    • Lucy Dean
    Only two out of 10 have super as their main retirement income during their 70s.

    The three types of people most likely to avoid high-end super tax

    A new study shows a quarter of high-income earners tweak their finances to minimise the tax they pay on superannuation, and they are mostly self-employed, trust beneficiaries and women.

    • Updated
    • Hannah Wootton
    Federal Treasury office building.

    Treasury is addicted to income tax to fund spending

    Virtually everyone is protected by the government from inflation eroding their real incomes, except the humble wage earner.

    • John Kehoe

    May

    A surprising number of people say they are unaware of the stage three tax cuts.

    Tax cut ‘surprise’ could pump $10b back into economy

    A surprisingly large number of people are unaware of the stage three tax cuts, which may make them more likely to spend their share of $23 billion, adding pressure to inflation.

    • Michael Read
    Advertisement
    Emma Edwards says to watch out for lifestyle creep.

    ‘Don’t waste it’: Smart ways to spend your income tax cut

    Some workers will have an extra $350 a month from July 1. Don’t waste this “powerful” opportunity, experts say.

    • Michelle Bowes and Lucy Dean

    April

    Tania Constable: “We need to be looking to our competitive advantages, and make sure they are utilised with our strategic partners.”

    Last thing Australia needs ‘is another car industry’, warns MCA boss

    Labor should lay off “steering” business, invest in R&D and work with, rather than against, trade partners, says Minerals Council CEO Tania Constable.

    • Jacob Greber
    Federal, state and local government tax revenue is expected to amount to a near-record 30 per cent of gross domestic product in 2023-24, according to the CIS.

    Tax surge consuming up to 45pc of household income

    Federal, state and local government tax revenue is expected to amount to a near-record 30 per cent of gross domestic product in 2023-24, according to the CIS.

    • Michael Read

    March

    US President Joe Biden delivered a fiery State of the Union address.

    Biden fights to save his presidency in fiery State of the Union

    An energetic US President Joe Biden has used the State of the Union address to rail at Donald Trump in his most important speech before the November election.

    • Matthew Cranston

    February

    Michele Bullock said that she was a glass-half full “optimist” about a recovery from Australia’s post-pandemic productivity slump.

    A bad week for Australian productivity and prosperity

    Michele Bullock may be a glass-half-full optimist, but Labor’s latest moves will make economic recovery that much harder.

    • The AFR View
    Opposition Leader Peter Dutton has spoken about fuel efficiency standards at a car dealership in Melbourne.

    Car-yard clash: Dutton takes aim at ‘ute tax’ on Dunkley trail

    Cost-of-living politics overshadows the byelection race, which comes as the Treasury boss admits talk over the stage three tax reversal began in early December.

    • Andrew Tillett
    The Bank of England doesn’t seem to like the market’s sense of when interest rate cuts will start.

    Britain, like Australia, has tough calls to make on tax

    The Tories need tax cuts to revive their election prospects this year. But tax cuts might be unaffordable, and could keep interest rates higher for longer.

    • Hans van Leeuwen
    Australia is long overdue for another serious national tax talk.

    Both sides of politics must commit to tax reform

    The experts agree on what is needed for a rational tax system. The job of the politicians is to put self-interest aside and sell it to the public.

    • Robert Breunig
    Opposition Leader Peter Dutton is on the attack over Anthony Albanese’s broken tax promise.

    Dutton signals backing for Labor’s tax cut changes

    Opposition Leader Peter Dutton says he doesn’t want to stand in the way of people getting extra money.

    • Andrew Tillett

    Albanese’s tax cut gamble and what it means for the next election

    This week on The Fin podcast, Phillip Coorey discusses the government’s gamble on the stage three tax cuts - and why it will dominate the political agenda.

    Advertisement

    January

    Labor’s stage three tax cuts are not the tax reform debate Australia should be having.

    Tax changes are ‘Band-Aids and sticky tape’ on a broken system

    Australia is too reliant on slugging workers for income tax – sapping work incentives, deterring international talent and penalising working-age people.

    • John Kehoe
    This is the wrong policy done in the wrong way, driven by politics and the arbitrary structuring of the budget.

    Tax cut retreat is a loss in the global war for talent

    This is the wrong policy done in the wrong way, driven by politics and the arbitrary structuring of the budget.

    • Updated
    • Richard Holden
    Independent MPs Kate Chaney, Zoe Daniel and Allegra Spender want the government to commit to a sweeping review of the tax system.

    Teals seek ‘brave’ conversation on tax reform

    Zoe Daniel and Kate Chaney are calling on the Albanese government “to put everything on the table” in a sweeping review of tax policy.

    • Lois Maskiell
    Independent MP Allegra Spender.

    Teals issue tax cuts warning to Labor

    Anthony Albanese will reject any deal with the Greens that would take more benefits of the stage three tax cuts away from high-income earners.

    • Tom McIlroy
    Jim Chalmers said critics of Labor’s changes are “clutching at straws”.

    Bracket creep critics ‘clutching at straws’: Chalmers

    Changes unveiled by Labor this week mean millions of higher income earners will face bracket creep at a rate faster than previously planned.

    • Updated
    • Tom McIlroy