Henry Tax Review
Read the latest news on the Federal Government's long-awaited response to the Henry Tax Review.
Push for revival of scrapped company tax cuts intensifiesWednesday, 16 May 2012
The federal government's abandonment of its promised company tax cuts in last week's budget will force business to find new ways to fund a future cut, according to the head of the government's Business Tax Working Group. ...
Business praises abolition of stamp duty and payroll tax reductions in NSW Budget
Wednesday, 09 June 2010
Business groups yesterday welcomed a reduction in payroll tax included in the New South Wales budget, but the property industry was the clear winner of the day with stamp duty scrapped for off-the-plan homes worth up to $600,000. ...
How does the resources profit tax brawl affect SMEs? A SmartCompany Q&A
Tuesday, 25 May 2010
Since the release of the Government's response to the Henry Review in early May, debate about the Government's Resources Super Profits Tax has dominated the business and political landscape like few other issues. ...
Frustrated over four taxes on four square metres of real estate
Friday, 21 May 2010
I've never been one to make political comment. As a business owner and citizen – I just get on with working hard to grow my business, raise my children and contribute to the community. ...
THE WEEK AHEAD: China syndrome
Monday, 17 May 2010
If there is one country that is dominating our attention at present it is China. No matter what is being discussed – the Budget, sharemarket or mining sector – China is seen as a pivotal factor. And investors should get used to it, because if anything, the ...
What to expect from the 2010 Federal Budget
Tuesday, 11 May 2010
What a difference a year makes. Just 12 months ago, Treasurer Wayne Swan and Prime Minister Kevin Rudd were framing a budget to steer Australia through what looked like the worst financial crisis in 70 years. ...
Two thirds of SMEs could miss out on corporate tax cut
Tuesday, 04 May 2010
While small businesses may be happy to hear about a 2% cut in company tax in the Government's response to the Henry Review, the Opposition and some experts claim millions of small businesses will still miss out on any potential benefits. ...
How to sell your business tax-free
Tuesday, 04 May 2010
Countless small business owners, depending upon their circumstances, may have some powerful reasons to feel relieved. The Government hasn't picked up any of the Henry Tax Review's proposals that could have effectively cutback on the best tax breaks of all for ...
House prices jump 20% in 12 months, ABS figures show: Economy Roundup
Monday, 03 May 2010
New figures from the Australian Bureau of Statistics reveal the weighted average of housing prices in Australia's eight capital cities grew by 20% over the 12 months to March 2010. ...
Small business welcomes Henry Tax Review corporate tax cut, but angry over payroll tax snub
Monday, 03 May 2010
Small business have delivered decidedly mixed reviews of the Government's response to the Henry Review, welcoming a 2% cut in company tax and immediate asset write-off provisions but rejecting a 3% increase in mandatory super payments. ...
What small business missed out on in the Henry Review
Monday, 03 May 2010
While small businesses are set to gain from a 2% cut in the company tax rate and the ability to immediately write-off assets worth up to $5,000, the Government has still ignored dozens of recommendations from the Henry Review that could help struggling SMEs. ...
How the immediate asset write-off will help small business
Monday, 03 May 2010
Small businesses have welcomed the Government's proposal to allow them to immediately write-off assets worth less than $5,000, with accountants saying the move will provide tax benefits for thousands of firms. ...
How did your industry fair from the Henry Tax Review? A sector-by-sector guide
Monday, 03 May 2010
It's been a long night for the executives at Australia's industry groups, who have been pouring over the 1,000-page Henry Tax Review and the Rudd Government's much slimmer response to try and work out whether their members are winners or losers. ...
The Government has almost completely ignored the Henry Tax Review: Kohler
Monday, 03 May 2010
The team of five headed by Treasury Secretary Ken Henry has produced 138 recommendations that make up a compellingly comprehensive vision for Australia's future tax and transfer system. It is a great document – probably the best tax review ever produced in ...
HENRY TAX REVIEW: Squeezing miners: Kohler
Sunday, 02 May 2010
The so-called tax reform package announced today by Treasurer Wayne Swan is really just a new resources rent tax, plus a few destinations for the money that will be raised from it. ...
HENRY TAX REVIEW: Instant write-offs jump to $5,000 for small business
Sunday, 02 May 2010
Small businesses will be able to write-off assets worth up to $5,000 in the year of purchase under changes announced by the Federal Government today. In a fillip for small businesses, this means that many assets bought by small businesses – defined as less ...
HENRY TAX REVIEW: Government appeals to low-income earners, aging population with superannuation reform
Sunday, 02 May 2010
The Federal Government is appealing to low-income earners and older workers through superannuation reform, with the employment guarantee to be lifted to 12% and its age restriction increased from 70 to 75 years of age. ...
HENRY TAX REVIEW: Miners slugged with 40% tax on profits to fund Henry Review reform
Sunday, 02 May 2010
The resources sector will be hit with a 40% tax on super profits in order to fund the Government’s changes to corporate taxes and superannuation reform, with treasurer Wayne Swan saying the initiatives “depend entirely” on the new mining tax. ...
HENRY TAX REVIEW: Government neglects Henry Review recommendation to introduce automatic tax return, cut corporate rate to 25%
Sunday, 02 May 2010
While the Government has introduced one of the Henry Review’s major recommendations in the implementation of a new mining tax, many other proposals have been excluded such as an automatic tax return system. ...
HENRY TAX REVIEW: Cut in company tax to 28%
Sunday, 02 May 2010
The Government has ignored Ken Henry’s recommendation to reduce company tax to 25%. However, the Federal Government will reduce the company tax rate from 30% to 29% for the 2013-14 income year and to 28% from the 2014-15 income year. ...
