Tax news headlines

The firm came under fire last year over revelations it leaked highly-confidential federal government information in an attempt to help global companies avoid paying tax.

It comes even as the ATO collected a record amount of income tax from large corporations.

The AFP said it uncovered eight kilograms of gold bullion worth about $600,000, about the same amount in cash, and more than $630,000 in cryptocurrency when it busted the syndicate.

More than a million Australians are yet to lodge their tax return and are at risk of being fined, with the deadline only a week away.

A new report has compared affordability here to the rest of the world. It's predictably grim reading.

Customers, employees and even family and friends are dobbing in dodgy businesses.

The Australian Tax Office (ATO) is looking to reform what "beer" is defined as in Australia - meaning more brewed alcoholic drinks will be taxed at a higher rate.

Millions are better off, but a major international body says a total overhaul would be better for the country.

Late filers could suffer penalties after October 31 passes by.

The debate surrounding negative gearing and capital gains tax has reignited as a federal election looms.

"My concern with the proposals that have been put forward from time to time about negative gearing is that they won't have a positive impact on supply."

Negative gearing is looming as a political flashpoint after the PM didn't rule out changes to generous property tax concessions.

"It's the largest it's ever been, and it's money that could be benefitting all Australians."

In the middle of a housing crisis, you'd think property prices would be soaring in the city that has consistently been judged Australia's most liveable, right? Wrong.

Scammers have fraudulently attempted to access government services to myGov, including ATO accounts during tax time, The Cybercrime Squad said.

Treasurer Tim Pallas refused to rule out new and increased taxes as the government attempts to recoup an extra $1.5 billion of funding promised to Victoria's cash strapped hospitals.

With the presidential campaign heating up, both former President Donald Trump and Vice President Kamala Harris are making a play for service and hospitality workers’ votes by promising to eliminate taxes on tips.

The recently-booming craft beer industry in Australia is under siege, and customers are paying for it.

While households are feeling the bite of the cost-of-living crisis, a pollster expects the number of homeowners in stress to drop in the next few months.

Of the vacant homes, about 27,408 were completely empty while another 70,453 were barely used.

Years after they were first announced, and months after they were significantly reworked, the stage 3 tax cuts are finally about to come into effect.

The new financial year is here, and a lot is about to change for millions of Australians.

Brewery owners are calling for more government support as rising costs force craft brewers to shut up shop around Australia.

The Danish dairy industry broadly welcomed the agreement and its goals, but it has angered some farmers.

Escalating protests turned deadly when security forces fired teargas and live ammunition at protesters.

Kenya's president described the demonstrations as a national security threat and pledged to restore order.

Overclaiming deductions or supplying the wrong contact or bank details are among the common mistakes made.

There are calls for the government to change the law to prevent so-called "sexually transmitted tax debt".

Small businesses are hoping for a spending boost next month fuelled by tax returns starting to land in the pockets of Australians.

A former bookkeeper and her son have joined a growing cohort of Australians who have fallen prey to sophisticated tax time scams.

The issue is costing the nation a whopping $1.2 billion every year.

Roads are improving and safety technology is getting better. So why are more and more Australians dying on the road each year?

Working Australians want to repair their finances when they start receiving the cash from July 1, new research suggests.

Australian businesses are going to keep falling into dire financial trouble at a record rate, in large part due to overdue tax debts.

It comes amid an inquiry into claims of huge losses on his Chicago skyscraper.

Landlords have been warned to lift their game during tax time, with the ATO revealing nine out of every 10 people who own a rental property get their returns wrong.

Here's a look at how the income of the average worker in other developed countries is paid into tax and social security.

It wasn't high earners bearing the brunt of the burden, with low and middle incomes having to cough up more.

"Consumers have been bombarded with claims of reduced sugar when the sugar amount in some products has actually increased."

The findings come as tourism hotspots around the world take measures to protect their culture and environment from the negative impacts of travel.

One of Australia's oldest craft breweries has gone into administration as the horror year for independent beer producers continues.

Small businesses have been handed a warning by the new Australian Tax Office commissioner over billions of dollars in mounting debts.

One in four inbound calls to the Australian Tax Office are dumped immediately.

Doctors are warning it's going to become even more expensive to see them if upcoming changes to payroll tax aren't dropped.

Taxes on hundreds of imported items such as toothbrushes, tampons and tools will be removed to make life easier for businesses.

Those involved were current and former staff, who have since been fired or investigated.

One third of Australians are calling for the tax to be abolished as some buyers are forced to fork out six months of their income to pay stamp duty.

Australians living in outer-city suburbs and rural areas are the biggest beneficiaries of the government's reworked stage 3 tax cuts, new analysis shows.

The announcement comes after weeks of criticism from the Coalition about the overhaul.

Drinkers in pubs and clubs across Australia face forking out more for their favourite tipple.