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

End Tax Breaks for Property Investors (ECR525)

Summary of proposal

The proposal has 3 components that would modify the capital gains tax (CGT) discount and negative gearing arrangements.

Component 1 – Replace the CGT discount with an indexation method.

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End Tax Breaks for Property Investors (ECR525)

Summary of proposal

The proposal has 3 components that would modify the capital gains tax (CGT) discount and negative gearing arrangements.

Component 1 – Replace the CGT discount with an indexation method.

Read more

End Tax Breaks for Property Investors (ECR525)

Summary of proposal

The proposal has 3 components that would modify the capital gains tax (CGT) discount and negative gearing arrangements.

Component 1 – Replace the CGT discount with an indexation method.

Read more

End Tax Breaks for Property Investors (ECR525)

Summary of proposal

The proposal has 3 components that would modify the capital gains tax (CGT) discount and negative gearing arrangements.

Component 1 – Replace the CGT discount with an indexation method.

Read more

Billionaires Tax (ECR533)

Summary of proposal

The proposal has 2 components that would tax the net wealth of Australian residents and non-residents.

For Component 1 and 2, net wealth would be calculated as follows.

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Billionaires Tax (ECR533)

Summary of proposal

The proposal has 2 components that would tax the net wealth of Australian residents and non-residents.

For Component 1 and 2, net wealth would be calculated as follows.

Read more