Finance News – Ato
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ATO whistleblower's 'suffered' for years since AFP raids
The resolution of Richard Boyle’s case highlights potential financial implications related to government debt collection practices and their impact on individuals who expose such m...
Read Full Article →‘Dead end’ for ATO on big tech billions after Pepsi test case failure
The recent court decision represents a major obstacle for the tax authority’s efforts to impose significant levies on large technology companies, potentially affecting government r...
Read Full Article →ATO reviews decision to dump Keating tax bill
The Australian Taxation Office is reassessing its choice to waive over $950,000 in additional charges linked to a tax obligation of an investment firm associated with Paul Keating.
Read Full Article →ATO reviewing how it decided to waive $950k owed by former PM's company
The tax authority is reassessing its prior choice to cancel significant financial obligations for a former prime minister's business, aiming to ensure fairness and maintain public...
Read Full Article →What Queenie claims on tax as a content creator
The Australian Taxation Office increasingly monitors earnings from online activities, requiring platforms to disclose user revenues to ensure proper taxation of income derived from...
Read Full Article →ATO accused of dumping tax bill for ex-PM Paul Keating’s company
The Australian Taxation Office is facing scrutiny for allegedly forgiving approximately $1 million in penalties and interest tied to an investment firm once associated with former...
Read Full Article →The ATO insisted Paul Keating's company pay $950k. Then it reversed its decision
The reversal of the $950,000 payment demand by the tax authority highlights the complexities and financial implications involved in resolving long-standing disputes over tax liabil...
Read Full Article →What to know about the HECS discount when filing your tax return
Understanding how current policies affect your education loan balance during tax season is important, as recent changes may impact the amount you owe or the benefits you receive.
Read Full Article →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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