Tax

Do you understand the interaction between private health insurance and the tax you pay?

The choice to purchase or abstain from private health insurance can have significant tax implications. Follow three taxpayers to understand how you can avoid owing money to the tax office.

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KPMG responds to tax cuts

The immediate tax relief of stage one will put money in the hands of those who will spend.

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Legislation to deny non-residents CGT main residence exemption not proceeding

Australian expatriates can now rest easy, at least for the time being, as the Bill proposing changes to the capital gains tax (CGT) main residence exemption has now lapsed.

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Technology the key to lighten worldwide VAT compliance load

It is instructive to learn from other countries’ systems and experiences in most fields. Indirect tax and its compliance costs are no different.

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Be prepared – a good maxim for PAYG employees at tax time

It’s time to get your tax return sorted, and crucially, to ensure you pay the right amount of tax.

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“No new taxes on Superannuation”. Self-managed funds hope for stability

To regain trust and stability in the superannuation industry, a long term view needs to be taken.

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Franking credits: government still needs to offset revenue losses

What was lost in much of the election discussion around the removal of the refund of franking credits for individuals and superannuation funds, was the tax policy issue that is trying to be addressed.

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Personal tax cuts the centrepiece but a gender lens would be welcome #budget2019

The centrepiece of the Budget is the personal tax cuts – and it is welcome, given sluggish wage growth to see action for both lower and middle earners.

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Expat tax compliance in 2019: staying ahead of the changes

While it seems the absurdity of the outside world is on the rise I am comforted by the slow and steady march that tax takes into the future.

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ATO releases corporate tax transparency report: proportion of companies not paying tax drops

The biggest contributor to the $7.5 billion rebound in company tax collections from 2015-16 was the mining, energy and water sector, which contributed more than 75 percent of the additional tax.

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ATO assurance program challenges companies to justify our trust

The Australian Taxation Office is now well into its program of compliance reviews of the country’s top 1,100 companies checking they have the right systems in place to ensure they are paying appropriate levels of tax.

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It seems large company tax cuts are now off the agenda in Australia – but not elsewhere

The OECD’s recent Tax Policy Reforms 2018 – which covers latest tax trends among 35 countries – shows that several member countries have lowered taxes on businesses and individuals as part of their 2018 tax reforms.

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Pre-filled tax returns? Could it work in Australia?

A parliamentary committee has recommended that the Commonwealth Government should undertake a review before 2022 for the purpose of identifying how Australia’s tax system can be simplified.

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