Month: January 2016
-
Tax “expenditures”
The yearly “tax expenditure statement” has been released (http://www.treasury.gov.au/PublicationsAndMedia/Publications/2016/TES-2015). What is a tax expenditure? Its a negative tax. Effectively it is a tax concession so that certain income is taxed less than the “norm”. For example, super is taxed at 15% generally, which is less than most marginal tax rates. So what are the big […]
-
Pre Budget Submission – Read the Board of Tax report on Div 7A
I don’t generally get excited about pre budget submissions as I have not seen many ideas taken up in the Budgets (consult so you can say you consulted rather than looking for ideas) but I did write a very short submission this year. Pre Budget Submission Respond to the recommendations of the Board of Taxation report […]
TaxRambling.com 