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Income tax

This Month

The WA premier is urging gas giants to develop their unused fields off the state’s north-west.

Stand up to whinging gas giants

Readers’ letters on a controversial drawing in The Australian Financial Review, gas tax, replacing Jacinta Allan, and self-managed superannuation funds.

International Energy Agency head Fatih Birol addressed the National Press Club on Monday.

IEA boss warns Australia against ‘abrupt’ changes to oil and gas taxes

International Energy Agency executive director says sudden tax changes on gas exports could damage Australia’s reputation as a reliable trading partner.

The Member for Wentworth, Allegra Spender.

Someone else just wrote Jim Chalmers’ big tax reform plan

Allegra Spender lobbed a $29 billion grenade into the tax debate, arguing Australia is becoming a place where your “parents’ balance sheet matters more than your own ambition”.

Michael Finger and Brian Rodricks

Wealthy Australians show how to ‘outsmart’ new $3m super tax

The government’s $2 billion revenue target might be at risk as people like Michael Finger and Brian Rodricks plan to beat the new Division 296 tax.

Jim Chalmers says corporate tax reform must be budget neutral. His chief economic adviser Daniel Wood says he should think bigger.

Chalmers urged to consider revenue hit to boost business investment

Treasurer Jim Chalmers concedes the tax system could do more to attract greater investment and bolster productivity – “if we can find a way to pay for that.”

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For young retail workers, the tax systems feels like all give and no take.

Retail union turns up the heat on Jim Chalmers over housing taxes

The Shop Distributive and Allied Employees Association surveyed its 200,000 members about tax policy. The response it got back was depressing for young Australians.

February

Cut 47 per cent tax rate to reduce property perks

The sharp rise in Australians caught in the top income taxation bracket is fuelling the exploitation of negative gearing and the capital gains tax discount.

The Robin Hood state is coming for the rich

The big question is whether, in the pursuit of equality, governments are raising taxes on the rich so high that they are becoming counterproductive.

Bill Kelty is urging the Albanese government to tackle tax reform.

Higher tax on capital gains alone won’t fix ‘cruel system’: Kelty

The Labor luminary says scaling back the capital gains tax discount was “double-edged” as it could increase rents and must be accompanied by personal tax cuts.

A re-contribution strategy involves withdrawing a tax-free lump sum from your superannuation and contributing it back as a non-concessional contribution to convert taxable components into tax-free components.

How to use a super recontribution to build tax-free inheritance

Withdrawing and recontributing money to super could reduce the tax bill for your children – but there are limits.

Returning Darwin Port to Australian ownership is the right thing to do, but it will be expensive.

Australia will pay for its Darwin Port mistake

Readers’ letters on the Darwin Port sale, Chalmers’ efforts on inflation, Adelaide Writers’ Week, the RBA’s interest rate decision, and AI and climate action.

January

Inflation is pushing individuals into higher tax brackets. And complexities in the system mean people’s decisions are being distorted. It would be terrible to get into a situation as we have with tobacco excise, where applying tax at a higher rate to a smaller group of taxpayers has led to a significant increase in illegal behaviour as well as a significant reduction in the revenue being collected.

Dangerous love affair with personal income tax will leave us poorer

Revenue from individuals forms our biggest tax base, but there are risks if we overload it. It’s time for a national conversation about comprehensive tax reform.

A campaigner wearing a mask of UK Chancellor Rachel Reeves during a protest in London calling for the introduction of a wealth tax.

‘Soak the rich’ battle cry is rising from London to California

Throughout the West, governments are homing in on wealth taxes as a fix to rising fiscal problems. Emotions run high on both sides of the debate.

December 2025

Treasurer Jim Chalmers and Finance Minister Katy Gallagher released Labor’s mid-year budget update on Thursday, which was boosted by a $40 billion tax boon from a stronger economy.

Gold and AI boom deliver tax boost to Chalmers’ budget

Higher inflation and a turbocharged rally in gold and AI stocks provided a huge revenue lift, yet the nation remains on track for another decade of deficits.

High income tax causes property investors to negatively gear

In an inconvenient truth, new research shows that high personal income tax rates motivate earners to become leveraged landlords.

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What ever your income – be it $100,000 or $300,000 – there are strategies that you can use to maximise your returns.

How to stop tax eating your returns at every income bracket

Individual investors who focus only on pre-tax investment returns could be hundreds of thousands of dollars worse off than those who get the structures right.

Finance Minister Katy Gallagher during Senate Estimates on Wednesday

Black market economy: ABS to measure illegal cigarette sales

As sales of legal tobacco products plunge, the government statistician has taken the extraordinary step of trying to measure spending on black market nicotine.

The true extent of Anthony Albanese’s victory will be tested by Jim Chalmers’ proposed superannuation changes.

SMSF members will ‘hold until death’ to avoid super tax

Retirees could defer the sale of assets to minimise the cost of the levy on balances above $3 million, raising doubts about how much revenue it will raise.

November 2025

The Tax Office is concerned some professionals are incorrectly splitting income they earn with family members to reduce tax.

ATO targets high earners over use of trusts to evade tax

The ATO has spelled out exactly what it will allow as it launches a compliance campaign targeting white-collar professionals and tradies who use family trusts and other entities to aggressively reduce tax.

Nearly half the nights booked on Airbnb in 2016 would be jeopardised by the 90-day limit in London.

How Aussie expats are being taxed out of London

The UK government’s swoop on overseas-earned income and assets is seeing some Australians move to Dublin and other low tax jurisdictions, accountants say.