Tax & Accounting Blog

NEWS, TRENDS AND RESOURCES FOR
TAX AND ACCOUNTING PROFESSIONALS

Bank levy solution to company tax cut deadlock?

Bank levy solution to company tax cut deadlock?

The big bank levy could be the key to curing two of the Turnbull government's biggest headaches: its continuing failure to legislate for company tax cuts and the scandals now emerging from the banking royal commission. However, Any wins for the government around securing company tax cuts would be likely to come on top of personal tax cuts this budget. … Read More

Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Cuts to individual tax rates a likely Federal Budget centerpiece. But at what cost?

Personal tax cuts are shaping up as a likely Federal Budget centrepiece, but the question of how exactly they'll be funded is still anyone's guess. Terry Hayes, Tax Consultant to Thomson Reuters, looks beyond the simple revenue loss equation to understand why they could be a 2018-19 budget certainty, despite the finance question. … Read More

Budget 2018-19: Plans for economic growth with a fresh take on R&D tax incentives
Narrowing budget deficit and a small cut to personal tax rates – Here’s what’s in store for Malcolm Turnbull’s 2018 Federal Budget