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    Tax reform

    May

    Australian Restaurant and Cafe Association (left to right) deputy chair Chris Lucas, CEO Wes Lambert and chair Neil Perry at their new headquarters in North Sydney.

    Neil Perry, top chefs combine and take on the old guard

    Heavy hitters including Luke Mangan and Merivale have joined a new association to help save the restaurant industry – and challenge a century-old lobby group.

    • David Marin-Guzman
    Ed Husic and Jim Chalmers: Labor is internally at odds about the need for corporate tax reform.

    Cutting company tax is not the only way to spur investment

    Recognising the cost of equity in the tax system is the equitable, effective and productive way to achieve corporate tax reform.

    • Robert Breunig and Kristen Sobeck
    Industry Minister Ed Husic told The Australian Financial Review AI Summit that current business conditions were ripe for lower company tax rates.

    Husic states the obvious about tax reform

    Without a cut to the corporate tax rate, Australia’s ambitions to be a globally competitive and innovative economy will come to naught.

    • Innes Willox
    Industry Minister Ed Husic has advocated for a lower corporate tax rate.

    Chalmers wrong on Husic’s corporate tax call: experts

    Business leaders and tax watchers say overdue changes to corporate rates could be a good place to start a major reform push.

    • Tom McIlroy and John Kehoe
    The superannuation sector has become a reverse Robin Hood, taking more from poorer Australians and giving to the rich.

    There’s a super-sized hole in the budget. Here’s why

    The forecast bounce in the tax take on superannuation will not happen because we’ve massively overdone the concessions that take from poorer and give to richer Australians.

    • Chris Richardson
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    Treasurer Jim Chalmers.

    ‘Super-sized hole’ in budget as Treasury revises tax take

    Treasury has cut $11 billion from its four-year estimates of revenue from superannuation taxes, as “overly large tax concessions” keep benefiting the richest retirees.

    • Hannah Wootton
    Effective tax reform would fix structural weaknesses in the budget and reduce reliance on income tax.

    Tax reform needed to break Australia’s economic inertia: think tank

    The Blueprint Institute says the Australian economy is in a state of inertia and needs ambitious tax reform, calling for more focus on consumption, land and resources.

    • Tom McIlroy
    WA Treasurer Rita Saffioti in her office ahead of Thursday’s state budget.

    WA to raise iron ore projections in budget

    The WA government will increase its long-term price assumptions for iron ore at this week’s state budget.

    • Tom Rabe

    April

    Surging bond yields could bring stormy weather.

    Tax changes ‘turning investors off Australia’

    Business groups react to new tax laws like they do to a horror movie, “with one eye closed and hands covering your face”.

    • Tom McIlroy

    Negative gearing is not a rort or a tax concession

    Negative gearing is said to single-handedly be responsible for Australia’s housing crisis. But it is a principled, fair and efficient feature of any tax system.

    • Steven Hamilton
    Jacqui Lambie and David Pocock will challenge Labor.

    Limiting negative gearing to new builds would raise $16b in a decade

    Jacqui Lambie and David Pocock will push for curb tax concessions for investment properties, in a plan that could raise as much as $6 billion for new supply.

    • Tom McIlroy
    Shadow treasurer Angus Taylor says Labor has failed to take on industry concerns about double taxation risks.

    Labor will tax super savers twice under proposed ‘wealth tax’: Taylor

    Double taxation was “a natural consequence” of Labor’s plan to tax unrealised gains under its proposed tax increase on super balances over $3 million, the shadow treasurer said.

    • Hannah Wootton
    Superannuation savers could be paying twice for some earnings under Labor’s proposed reforms, experts say.

    Savers with $3m-plus super could pay double tax on earnings

    Labor’s plan to increase the tax paid on earnings for super accounts with more than $3 million could sting savers twice, experts have suggested.

    • Updated
    • Hannah Wootton
    Michael Black is worried about the constitutional risk of superannuation tax reforms.

    Taxing judges’ pensions bad for independence, women

    A former Federal Court chief justice says the reforms were likely unconstitutional and would stymie efforts to improve the number of women on the bench.

    • Hannah Wootton
    Fund manager Geoff Wilson says small local businesses will lose out from taxes on unrealised gains in super.

    Super tax changes to ‘cut off lifeblood’ of local business

    Funds management veteran Geoff Wilson says Labor’s controversial plan to tax unrealised gains on big superannuation accounts will discourage investment in local firms.

    • Hannah Wootton
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    Outgoing OECD tax executive David Bradbury is returning to Australia.

    Former Labor minister calls for major tax shake-up

    The nation “relies too much on personal income tax and corporate income tax” and “there are limits to the sustainability of that”, the OECD’s tax official and former Labor minister David Bradbury says.

    • John Kehoe and Tom McIlroy
    Wealthy Australians may put more money into super to avoid the full sting of the stage three tax cut.

    Tax changes may make super the best place to stash cash

    New analysis shows the changes will have the perverse effect of entrenching tax benefits for some of the country’s wealthiest, spurring calls for widespread tax reform.

    • Hannah Wootton
    Federal Treasurer Jim Chalmers (right) and his predecessor Josh Frydenberg.

    We need a tough treasurer to talk us through tax reform

    What really matters for future living standards is government policy going above and beyond mediocre minor changes.

    • John Kehoe
    Treasurer Jim Chalmers has rebuffed calls for a “foundational” review of state-federal spending responsibilities.

    States back demands for tax reform review

    State and territories have swung their weight behind a Ken Henry-led push to review and overhaul a “mess” of state and federal spending responsibilities

    • Samantha Hutchinson, Tom McIlroy, Tom Rabe and Simon Evans
    Prime minister Bob Hawke and treasurer Paul Keating at the 1985 Tax Summit. Australia is long overdue for another serious national talk on tax.

    Tax reform fail threatening the social compact of a nation

    A new tax review will have to look at what this generation can do for the Australians of the future.

    • Ken Henry