Powering Australia - Electric Car Discount (ECR124)

Summary of proposal

This proposal has 2 components for temporary concessions for passenger electric vehicles (EVs) priced below the luxury car tax (LCT) threshold for fuel efficient vehicles.

  • Component 1 – Eligible EVs would be exempt from remaining import tariffs.
  • Component 2 – Eligible EVs would be exempt from Fringe Benefits Tax (FBT).

This proposal would be announced and take effect from 1 July 2022.

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Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

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Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

Read more

Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

Read more

Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

Read more

Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

Read more

Extend and boost existing ATO programs (ECR161)

Summary of proposal

The proposal consists of 2 components related to funding for tax compliance programs.

Component 1 would boost funding for the Australian Taxation Office (ATO) Tax Avoidance Taskforce by an extra $200 million per year from 1 July 2022 and extend its operations on an ongoing basis (the taskforce is currently funded until 30 June 2025).

Component 2 would provide ongoing funding to extend the ATO’s shadow economy compliance programs (which are currently funded until 30 June 2023).

Read more

Plan to ensure Multinationals Pay Their Fair Share of Tax (ECR167)

Summary of proposal

Component 1: Supporting a global 15% minimum tax

Implement the OECD’s Global Two Pillar plan for a global 15% minimum effective tax rate on multinationals and for the taxes on multinational profits to better reflect where products and services are sold.

Component 2: Limiting debt related deductions by multinationals

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Plan to ensure Multinationals Pay Their Fair Share of Tax (ECR167)

Summary of proposal

Component 1: Supporting a global 15% minimum tax

Implement the OECD’s Global Two Pillar plan for a global 15% minimum effective tax rate on multinationals and for the taxes on multinational profits to better reflect where products and services are sold.

Component 2: Limiting debt related deductions by multinationals

Read more

Plan to ensure Multinationals Pay Their Fair Share of Tax (ECR167)

Summary of proposal

Component 1: Supporting a global 15% minimum tax

Implement the OECD’s Global Two Pillar plan for a global 15% minimum effective tax rate on multinationals and for the taxes on multinational profits to better reflect where products and services are sold.

Component 2: Limiting debt related deductions by multinationals

Read more