Australia has always been unwilling to consider changes to the Goods and Services Tax, but now, in the middle of a pandemic, we could celebrate the GST’s 20th birthday with changes – or even a GST holiday.
Even as Victoria confronts a six-week shutdown in response to emerging coronavirus cases, other states are reopening. Policy responses must reflect the needs of the most vulnerable, say UNSW Business School’s Leisa Sargent and John Piggott.
Claiming for working for home is fraught. It's safest to claim the running expenses the tax office allows. 'Occupancy expenses' are harder to justify and could cost you your capital gains tax discount.