Banks are asking former CBA chief David Murray, now heading the Financial Systems Inquiry, to consider tax breaks on interest income. AAP/Dean Lewins

Banks want you to pay less tax on interest, but why?

Australia’s big banks want the government to give their customers tax breaks on interest income, having told the Financial Systems Inquiry it would encourage more savings. In turn, the banks will have…
Tax evasion campaigns are not new, but with them often comes an amnesty designed to maximise government revenue. HM Revenue & Customs/Flickr

Give the wealthy a tax amnesty, the budget needs it

The Australian Taxation Office continues its campaign to track down the offshore bank accounts of wealthy Australians, amid a global effort to improve tax transparency. One option the ATO has in its kit…
The general perception of a tax haven as mostly illegal and illegitimate isn’t borne out. Image sourced from www.shutterstock.com

Not all bank accounts in tax havens amount to criminal conduct

More than 500 Australians are apparently on a list of tax haven users obtained by the Washington-based International Consortium of Investigative Journalists, as part of its investigation into the use of…

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