Taxation in Australia

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Community perceptions about the Australian Taxation Office took a hit over the past financial year, as the agency’s reputation suffered amid repeated IT outages and complaints about its treatment of small business taxpayers.

Parliament’s bipartisan committee on tax and revenue has called on Prime Minister Scott Morrison and Treasurer Josh Frydenberg to launch what would be the most significant taxation review since Ken Henry’s landmark report was commissioned by the Rudd government in 2008.

The 4 essential tax/accounting concepts in Australian fleet management are income tax, fringe benefit tax, goods & services tax (GST) and, popular topic today, IFRS.

The federal government remains as determined as ever to pass its tax cuts for big businesses, Malcolm Turnbull says, despite speculation they may be dropped as they approach near-certain defeat.

A former tax official has said Australia should revoke the non-profit tax status of the Catholic Church in the country, due to widespread clerical sex abuse, which was detailed in an extensive report released last year.