No. of taxpayers rises 82% to 10.4cr in last 9 yrs: CBDT
NEW DELHI: The number of taxpayers rose 82% between 2014-15 and 2023-24, while direct tax receipts surged 182% in the…
7th Budget: Striking a balance key challenge for Sitharaman
NEW DELHI: Finance minister Nirmala Sitharaman‘s seventh Budget will do a tight rope walk as she looks to strike a…
Federal budget 2024: Chalmers unleashes billions more in spending despite improved inflation outlook
Billions of dollars of additional spending unveiled by Treasurer Jim Chalmers in Tuesday’s federal budget could risk stoking price pressures,…
Stage 3 tax cuts: Economists call for delay to tax cut relief
Sticking to the planned rollout of the Albanese government’s stage three tax cuts risks further fuelling inflation, making the RBA’s…
Federal budget 2024: Jim Chalmers’ second surplus all but assured
Treasurer Jim Chalmers is all but assured of delivering back-to-back surpluses, with new figures showing thumping revenue flows and tightened…
Australia world leader in income tax surge, OECD data reveals
Australians’ personal income tax burden, already among the highest in the world, grew faster than any other advanced economy last…
Negative gearing: No changes to Australia’s Property Taxes according to Treasurer Jim Chalmers
Investment property owners across Australia can breathe a momentary sigh of relief after Jim Chalmers doubled down on his vow…
Stage 3 tax cut overhaul Treasury’s idea, not Treasurer Jim Chalmers’
The Treasurer did not ask public servants to overhaul the stage 3 tax cuts, rather the department came up with…