Finance News – Ato
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Rental investor numbers fall for third time since records began, ATO data shows
The decrease in individuals reporting rental earnings for 2022-23 marks a rare decline in investment activity, potentially affecting housing market dynamics and tax revenue generat...
Read Full Article →Tax season kicks off tomorrow. But the ATO says not to do your return yet
The start of tax season signals important deadlines, but experts advise preparing carefully to avoid errors that could impact your financial outcomes.
Read Full Article →Fast-food boss faces million-dollar tax battle
Melbourne entrepreneur Hash Tayeh is involved in a legal dispute with tax authorities concerning over one million dollars in alleged unpaid taxes associated with multiple businesse...
Read Full Article →91 millionaires paid no tax, ATO data reveals
In 2022-23, 91 Australians with incomes exceeding one million dollars did not contribute any tax, highlighting notable tax outcomes among the country’s wealthiest residents, partic...
Read Full Article →Is crypto still taxed in Australia? Major legal update explained
Australia’s recent policy classifies cryptocurrency as taxable property, applying capital gains rules to various transactions while increasing enforcement efforts that impact over...
Read Full Article →Australian court ruling could lead to $640M in Bitcoin tax refunds
A recent legal interpretation in Australia may redefine Bitcoin’s classification, which could result in substantial adjustments to previously paid taxes on digital currency transac...
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