Taxation

The Sydney Harbour Bridge is illuminated by a New Year’s Eve fireworks display on 31 December 1999. The Goods and Services Act was introduced earlier that year.

GST in Australia 20 years on: looking back on taxing times


In the past few federal budgets, the ATO has received funding increases that it has used to address the income tax gap and the black economy.

The ATO ups its compliance game. Here's what that means for taxpayers.


The Black Economy Taskforce estimated the black economy could be worth as much as 3 per cent of national GDP, or about A$50 billion a year.

Public swamps ATO tip-off line on black economy behaviour


According to figures provided by the AAT, last year about 30 per cent of people who took a tax dispute to the Tribunal were represented by their accountant/tax agent.

AAT a potential minefield for tax disputes


Tax Commissioner Chris Jordan.

ATO Commissioner Jordan on incorrect tax claims on rental income


While showing appropriate empathy, the ATO also needed to identify tax advisers who consistently use aggressive tactics.

ATO Commissioner: we’re getting better at identifying problem tax advisers


Under the new laws, a tax whistleblower has many contact points within and external to an organisation to make disclosures.

What the new tax whistleblower laws mean for disclosure


The majority of gamblers lose, so any additional government revenue from taxing winnings would be insignificant.

Should your gambling winnings be taxed?


When accountants allow or encourage dodgy tax claims, their clients speak with friends and the problem becomes greater for the entire industry.

Outrageous tax claims: why are they so popular?


Tax audit protection is not mandatory for accounting professionals and some prefer to self-insure – putting money aside to pay the costs should they or a client ever come under the spotlight.

Is it ethical to self-insure?


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