Private schools slugged by the Victorian government’s impending changes to payroll tax have increased annual fees by an average of 6 per cent. See the full list.
Almost $18 million of revenue from one of Victoria’s new property taxes will be eaten up this year by the infrastructure needed to administer the charge.
Politically contentious land tax hikes on holiday homes and investment properties join public transport and toll increases to put extra pressure on your hip pocket.
The nation’s tax system is complicated enough,without adding to it with levies that don’t raise much money and are expensive to collect.
A report finds Australians are being swamped by a “Levyathan” of charges and micro-taxes on everything from wild goats to the nation’s biggest banks.
There’s no doubt stage 3 tax cuts are skewed towards higher income earners. But some context is needed.
The agreement extends a costly federal pledge on the GST until at least 2031 to settle angry disputes with the premiers over cuts to state revenue.
As we debate the merits of the stage 3 tax cuts,we should interrogate long-standing disincentives standing in the way of women wanting to work.
But the state opposition says that is not good enough and that the money should land in people’s bank accounts by Christmas.
Treasurer Tim Pallas said the amendment was tidying up law,but the Clean Energy Investment Group said renewable generators would be charged up to $2 million more a year.
Experts are in furious agreement:Australia needs tax reform. So why aren’t the major political parties talking about it?