TAX

swamped by paperwork

Sole traders helped by UNSW Tax Clinic who were behind on their quarterly Business Activity Statements were on average seven years behind.

With a significant portion of professionals now working from home, this has had wider tax implications for individuals as the line between what is deductible and what isn’t, becomes blurred.

A UNSW tax expert shares practical tips on claims you can make in your tax return if you’ve worked from home during the pandemic.

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A proposal to tax carbon emitters, redistribute the funds to taxpayers and reduce emissions gets the thumbs up.

Dr Ann Kayis-Kumar

We need to consider the growing complexity of the tax system without losing sight of what's fair. 

School of Taxation & Business Law academic, Kathrin Bain

UNSW Business School academic Kathrin Bain suggests that as an alternative, the government could make franking credits non-refundable for public companies but refundable for private companies.

Ann Kayis-Kumar

Negative gearing distorts the tax system and is skewed in favour of higher incomes, says UNSW Business School tax expert Dr Ann Kayis-Kumar.

money

The 2018 federal budget announced by Scott Morrison may be based on sound economics, but it is largely mundane in most areas.

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Australian consumers could be affected if the 2018 federal budget imposes GST on small foreign imports.

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With $7 billion extra unexpected revenue from previous tax measures, the government may not need to make changes in the upcoming budget.

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Australia’s taxation system is under attack from widespread tax minimisation, excessive deductions, poorly designed property taxes and gender bias. But help is at hand.

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