This Month
- Exclusive
- Oil
Shell sues ATO over claim it was short-changed $99m in CGT bill
The ATO believes the company should have declared capital gains $330 million higher than first reported for its exit from the old Woodside Petroleum.
- Lucas Baird
Wages growth slows; Miners hail budget tax credits; BHP’s new pitch
Read everything that’s happened in the news so far today.
How the $3m super tax whack might hit property investors
Plans to tax unrealised gains on super balances have investors considering options. Here’s what calculations show about the potential impact of the tax.
- Duncan Hughes
- Opinion
- Audit quality
Treasury questions the very nature of the big four consulting firms
Get ready for war as they fight back against suggestions they are too big, incapable of governing themselves and have compromised auditing roles.
- Edmund Tadros
April
Last thing Australia needs ‘is another car industry’, warns MCA boss
Labor should lay off “steering” business, invest in R&D and work with, rather than against, trade partners, says Minerals Council CEO Tania Constable.
- Jacob Greber
ATO ramps up warnings on $50b in tax debts
Increasing numbers of Australian small businesses operators are falling behind on tax and superannuation obligations, Tax Commissioner Rob Heferen warned.
- Tom McIlroy and Patrick Durkin
March
Labor bungling tax reform consultations: big business
Corporate leaders say Labor’s changes to tax rules covering thin capitalisation are effectively retrospective, ahead of legislation being introduced to parliament as soon as this week.
- Tom McIlroy
February
Atlassian paid $284m tax before ATO deal
Over the past six years Atlassian’s Australian entity paid $283.8 million of tax locally before reaching an agreement to pay more tax.
- Tess Bennett
- Exclusive
- Tax disputes
Atlassian pays $92m tax bill after years of ATO talks
The software developer has struck a transfer pricing agreement with the Tax Office and has agreed to retain intellectual property in Australia that it will pay future tax on.
- John Kehoe
Tabcorp blames states for $732m write-down as shares crash
Shares fell more than 14 per cent on Thursday following the release of Tabcorp’s half-year results.
- Zoe Samios
- Opinion
- Chanticleer
The big problem with Albo’s nickel fix
The government says its tax credits plan will help the sector through a short-term period of pain. But South32 CEO Graham Kerr questions that assessment.
- James Thomson
January
CEOs ‘back tax summit 100pc’ but Chalmers unmoved
Wesfarmers boss Rob Scott, retailer Gerry Harvey and Virgin chairman Graham Bradley have backed a national summit to jumpstart debate on tax reform.
- Samantha Hutchinson and Gus McCubbing
‘Be courageous’: Henry urges Albanese not to drop ball on tax reform
The architect of Australia’s last major tax reform push argues that reform is possible if a government has the temerity to pursue it.
- Samantha Hutchinson
Multinationals hit with 15pc minimum tax rate
Experts say Australia will reap almost none of the $326 billion extra global tax revenue expected to result from the deal, which will generate a significant compliance burden.
- Updated
- Michael Read
December 2023
Pfizer paid little tax on $1.4b in COVID vaccine sales
Vaccine maker Pfizer paid just $29 million in local tax on its $1.4 billion of sales in Australia during the pandemic, raising political questions about the adequacy of the pharmaceutical giant’s tax payments.
- John Kehoe
November 2023
Royalty hike and IR overhaul threaten critical mineral pipeline: BHP
BHP says Australia’s position as the world’s premier mining destination is threatened by the Albanese government’s looming industrial relations overhaul and increases in state government mining royalties.
- Michael Read
The companies that pay the most tax, ranked
The businesses run by billionaires Andrew Forrest and Gina Rinehart paid almost $5 billion in tax last year, but that was nowhere near as much as BHP and Rio Tinto.
- Tom McIlroy
One sector pays more tax than all the rest combined
Resources companies including BHP, Rio Tinto and Fortescue helped raise the federal government corporate tax take by 22 per cent last year.
- Tom McIlroy
October 2023
Australia is Uber’s crown jewel after ‘collections’ surge to $9.2b
But new labour laws are likely to mean the company’s customers face higher prices as wages go up. The TWU says the jump in sales supports the need for change.
- Updated
- Nick Bonyhady
- Exclusive
- Australian economy
Regulation leaves Australia trailing Singapore as investment hub
The Financial Services Council said Australia can rival Singapore as a destination for offshore capital if rules around new fund structures are improved.
- Tom Richardson
