Tax deductions will be cancelled if a private ancillary fund does anything to erode the true value of a gift, such as ...

Add articles to your saved list and come back to them any time. Working Australians face paying more than $300 billion in extra income tax within a decade if the federal spending is not reined in, and ...

In its annual review of the Australian economy, the International Monetary Fund sounded the alarm on rising federal debt levels, which will surpass $1 trillion, and state government spending. To pay ...

While Australia will not be involved in any collection or enforcement of the tax, China watchers say Australia’s deep involvement is part of its efforts to quietly thwart Chinese financial influence ...

When the door shuts on this financial year, Australia’s three levels of government will have set a record. For the first time, the Commonwealth, the six states, two territories and 538 local councils ...

The Australian Taxation Office employs almost 20 full-time staff dedicated to diversity and inclusion, sparking fresh debate over government spending as the public service wage bill spirals out of ...

Australians have until the clock strikes midnight to lodge their tax returns with the Australian Taxation Office (ATO). Aussies who miss the deadline risk being hit with a failure to lodge penalty, ...

Have you done your tax return yet? The deadline for submitting your 2024–25 tax return without penalty is getting close. Here is what you need to know. When do I have to do my taxes by? October 31 — ...

A group of games industry veterans have launched a new publisher called Midnighters. The Australian firm's leadership team consists of four co-directors: Zea Wolfe (Massive Monster, Die Gute Fabrik), ...

WASHINGTON — The temporary expansions of the Earned Income Tax Credit (EITC) and the Child Tax Credit (CTC) as part of the American Rescue Plan Act of 2021 reduced child poverty in the United States ...

A new idea to tackle Australia’s housing shortage is sparking heated debate: a proposed tax on spare bedrooms. The concept, raised by property researchers, is aimed at addressing what they describe as ...