Yesterday
EV tax break to roll on as sales soar
The Albanese government is reconsidering plans to scale back the $1.3 billion-a-year fringe benefits tax exemption for electric vehicles.
This Month
Gen X takes the reins: The middle child now rules Canberra
For the first time in 40 years, Baby Boomers are no longer the driving force in parliament as Jim Chalmers prepares a budget focused on intergenerational equity.
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.
Consumer confidence hits historic low ahead of May budget
The worst confidence result in more than 50 years has economists concerned about Treasurer Jim Chalmers’ ability to sell an ambitious tax plan in the budget.
Spending cuts must go hand-in-hand with tax reform to fix budget
Tightening the purse strings is great, but it won’t solve our economic problems. The scale of the challenge means a review of the tax system is critical.
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.
CGT changes would cut 12k new homes, lift rents: property industry
Industry groups say economic modelling shows proposed changes to the tax would undermine the government’s goal of 1.2 million new homes being built over five years.
3 budget traps Jim Chalmers must avoid (and one move he can’t ignore)
The government should not feel pressured to put together an under-considered package of reforms that would likely be abandoned.
Cochlear chief warns global uncertainty worse than COVID
Howitt will be among 40 of the nation’s top CEOs in Canberra this week to meet ministers and the opposition to discuss the uncertainty in the global economy.
CGT discount ‘overtaxes’ investors during high inflation
It was not concessional during times of high price rises over the past five years, new research by the Institute of Public Affairs shows.
Chalmers’ stagflation-lite nightmare: Why piecemeal fixes will fail
Economic reality has caught up with the government, as it confronts a 1970s-style stagflation-lite shock. Nothing less than a U-turn is needed to get back on track.
Handouts won’t help the young become better off
A smorgasbord of policies could genuinely help young people improve their lives. Yet, here we are, quarrelling over an inconsequential capital gains tax discount.
Gen Z are anxious, politically divided and lacking hope: study
New research reveals 66 per cent of young Australians are finding it harder to get ahead than previous generations and close to half worry about their futures.
Labor gives itself the green light to pare back CGT discount
Labor members of a Senate inquiry have concluded the tax break is helping fuel inequality in the housing market and skewing ownership towards investors.
Business baulks at proposal to lift R&D tax subsidy threshold
The industry minister wants a lengthy public discission about a major review’s findings, but business wants bold and urgent action.
Spender’s tax reform plan doesn’t tackle real causes of unfairness
Anyone who starts a discussion about tax reform without first highlighting the waste, fraud and abuse in our spending is, simply put, not serious.
Government weighs R&D tax reform after Denholm review
An independent review led by the Tesla chairwoman has urged the government to overhaul its research and development tax incentive scheme.
EV owners face job trap if Labor extends cuts to tax break
Business and unions have warned about changes that would whack EV drivers with hundreds of dollars in fortnightly costs if they change jobs.
Chalmers to offer ‘whole bunch of’ tax changes for budget
The treasurer says the economic disruption from conflict in the Middle East makes wide-ranging tax and savings reforms in the budget more – not less – pressing.
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”.
