Negative gearing hasn’t been abolished, only restricted. But the new rules could distort the housing market in other ways.
- Professor of Tax Law, The University of Western Australia
The tax implications of owning cryptocurrencies largely depends on how seriously an investor pursues and manages their purchase.
The digital giants earn billions from Australian consumers. But efforts to tax a fraction of those profits have gone nowhere.
Australia has backed a move to ensure multinational corporations at least pay some tax in the countries in which they operate, but has baulked at going all the way.
Rather than ending the race to bottom from international profit shifting, the Australian government’s proposed 15% tax rate is likely to entrench it. Here’s why.
BHP Billiton’s Andrew Mackenzie says his firm is Australia’s largest taxpayer, pays an average of $8 - $10 billion of tax in Australia every year and has an effective tax rate of 45%. Is that right?
A GST on imported goods valued under $1000 is unlikely say tax experts, despite a government taskforce suggesting “in principle” grounds for it. The Low Value Parcel Processing Taskforce yesterday released…
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