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Tax reform

Yesterday

Australians pay top tax rate earlier than comparable countries

The top tax rate kicks in at a lower income in Australia than New Zealand, Canada, the UK and US.

  • John Kehoe

Lift Medicare levy on highest earners: Andrew Barr

The ACT Chief Minister said the federal government could better fund urgent health priorities through a 1 per cent increase on the levy.

  • Tom McIlroy

Scrap ‘dodgy’ tax cuts to fund Labor spending: former RBA boss

Labor should do the honourable thing by scrapping the stage three tax cuts to pay for its ‘expensive’ spending says Bernie Fraser.

  • John Kehoe and Tom McIlroy

‘Quite workable’: Former Fed leader backs Truss’ tax cut plan

Britain’s original program was workable, says former Federal Reserve vice chairman Randal Quarles, but a watered-down version may not be.

  • Matthew Cranston and Hans van Leeuwen

Rod Sims on why Australia is ready for higher taxes

Australia has ‘maxed out’ personal income tax and should reintroduce carbon and mining taxes to fix the federal budget, the former competition watchdog chairman says.

  • Tom McIlroy
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This Month

One million Australians face top tax rate by 2030

The number paying 47 per cent has already doubled to half a million people over the decade due to bracket creep.

  • John Kehoe and Michael Read

‘Doing things differently’: Truss battles to control fractious MPs

The British PM says she must disrupt the status quo. But her reformist zeal looked at risk as ministers lined up to voice dissent, undermining her authority.

  • Updated
  • Hans van Leeuwen

Rework tax cuts to buy reform: Grattan Institute

Stage three personal income tax cuts should be tweaked to help fund broader tax reform on areas like superannuation and trusts, says economist Brendan Coates,

  • John Kehoe

This American reported from war zones. Now she’s PwC’s chief economist

Amy Auster’s career has also taken her to Wall Street, through South America and Asia, and into the Commonwealth Treasury’s senior ranks.

  • Hannah Wootton

Let the states specialise in services and leave tax to the feds

The Queensland land tax debacle adds to the strong body of evidence for handing all revenue-raising responsibility to the Commonwealth.

  • Robert Breunig

September

Brexit ideology lies behind the UK’s market rout

Both the chancellor’s economic decisions and the market backlash are the culmination of a badly botched Brexit that weakened the economy’s resistance to shocks.

  • Robert Shrimsley

The property tax debacle unfolding in Canberra

The ACT once looked like a tax trailblazer when it promised to scrap inefficient stamp duties. A decade later it’s a sad example of the inertia around tax reform.

  • John Kehoe

Gerry Harvey slams Labor’s retrospective dividend hit

Westpac and Harvey Norman shareholders could receive shock tax bills due to the government’s proposed retrospective crackdown on franked dividends funded by capital raisings.

  • John Kehoe

Super funds targeted in franked dividend crackdown

The $3.4 trillion superannuation sector is a target of the Albanese government’s proposal to stop companies paying investors fully franked dividends funded by capital raisings.

  • Updated
  • John Kehoe

UK chancellor says ‘more to come’ after historic tax cuts

Kwasi Kwarteng has vowed to double down on his controversial tax-cutting drive despite the sell-off after Friday’s mini-budget.

  • Emily Ashton
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Explainer: Why is Labor reviewing franking credits?

The Albanese government is proposing to stop companies paying shareholders fully franked dividends that are funded by capital raisings.

  • John Kehoe

Reforms will deliver significant new revenue: Canada tax chief

Bob Hamilton, commissioner of the Canada Revenue Agency, will headline a major international conference in Sydney next week

  • Tom McIlroy and John Kehoe

Australia taxes workers and business more than other countries: OECD

Australia relies on taxing personal income and business profits more than any other advanced economy, a new report by the OECD says.

  • John Kehoe

Tax incentives need sharpening, not blunting

This campaign to scrap the stage three tax cuts is really about forcing Australians to pay more tax to fund an expansion of Labor’s social programs.

  • The AFR View

Why the government has to make the case for stage 3 tax cuts

These tax cuts are both affordable and essential if incentive is to be improved and bracket creep contained. Labor cannot just let them fade.

  • Robert Carling