Proposal to scrap tax deductions for work clothes
About 500,000 taxpayers who claim tax deductions for non-compulsory work uniforms could be denied the benefit under a new proposal.
Deputy Editor, BusinessDay. Reporting on tax and regulation.
About 500,000 taxpayers who claim tax deductions for non-compulsory work uniforms could be denied the benefit under a new proposal.
The building and construction industry will be the next main target of the tax man's attempts to claw-back revenue lost due to the illegal cash economy.
Just a handful of dodgy tax structures being used by Australians cost tens of millions of dollars in lost revenue, according to the Tax Office.
"Populist anti-business sentiment" that is restricting the ability of the federal government to pass policy could have "devastating" consequences, according to outgoing Business Council of Australia president Catherine Livingstone.
For every corporate gender diversity policy, for every well-intentioned plan aimed at stamping out sexual harassment and bullying, there is a man on whom the message is lost.
A series of companies associated with high-flying Sydney accountant have been found to have avoided paying tax by the High Court, in a case that the tax office has described as 'blatant tax evasion'.
Working women earn almost $27,000 less than a man and women in the c-suite - from CEOs to CFOs - earn almost $100,000 less than their male counterparts.
More than 5500 workers dob in their bosses to the Australian Taxation Office every year for allegedly paying them "cash in hand".
US President-elect Donald Trump's tax plan will have flow-on effects, including reducing the amount of tax paid by US multinationals in high-tax countries like Australia, experts say.
The Australian sharemarket lost more than $30 billion in value as Donald Trump looked increasingly likely to be the next US president.
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