Tax

The NSW accountant siphoned hundreds of thousands of dollars from clients via false ATO lodgements over three years.

The local share market takes another leg lower as labour force figures pour cold water on rate cut expectations. Look back on the day's financial news and insights from our specialist business reporters.

Victoria has accumulated the biggest debt burden in Australia, much of it due to spending during COVID.

To claw back money, the state government increased and expanded land taxes. Alysia Thomas-Sam reports.

Emmaly and David Gridley were shocked to learn their rural property had been mistakenly valued at $2.3 million, leaving them with a heavily inflated land tax bill.

Commonwealth Bank reported a marginal rise in first-quarter profit, but its share price still lost 6.6 per cent in value, while the ASX200 lost ground. 

When it comes to Western Australia's slice of the GST pie, the state government is making no apologies for ruffling the feathers of other jurisdictions.

Norway struck oil in the 1960s. Now, almost a quarter of its national budget is funded through its sovereign wealth fund. How does Australia compare with taxing its resources?

The state government defends spending $1 million on an advertising campaign about Western Australia's GST deal, as the fight to protect the state's carve-up of the distribution ramps up.

The nation has not yet embraced the idea that housing needs to be more affordable, or that it's the most important economic and social issue facing the country.

Experts say cost of living pressures, and the ability to make money quickly, is behind a surge in copper thefts which are leaving highways and sporting fields in the dark.

Time is running out if you are planning on doing your 2024–25 tax return yourself. Here is everything you need to know. 

In 2020, Australia massively increased welfare payments and conducted a live experiment in ending poverty, but when the subsidy was removed, many were thrown back into hardship. Leaving aside the moral dimension, would it be cheaper to end poverty than to maintain it?

A Gold Coast house purchased for an OnlyFans creator by a small-town businessman is among 20 properties frozen by the Federal Court in a $61 million tax case.

More than 40 of Australia's corporate bookmakers are based in the Northern Territory for its low taxes and what critics describe as weak regulation.

Australians were allowed to withdraw $1.37 billion from their superannuation accounts for medical costs last financial year, in another jump from previous years. 

Eighteen months after Canberran Cathy Weeden and her kids purchased a home and left temporary accommodation, she received out-of-the-blue correspondence that she owed $50,000.

After two years of refusing to reshape his superannuation shake-up, the treasurer abandons the idea of taxing unrealised gains while agreeing to index a key tax threshold. 

Internal tobacco industry data estimates the illicit tobacco market now makes up 64 per cent of all tobacco consumed in Australia and 82 per cent of the total nicotine consumed.

The treasurer has never been afraid to venture beyond his prime minister with his tax reform ambitions, but on superannuation, he has been pulled into line. 

Every prominent criticism of the tax has been addressed, with the result that it will apply to fewer people and raise less money.