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Data collected by Oxfam shows 48 billionaires hold more wealth than bottom 40% of the population – 11 million people – combinedGet our breaking news email, free app or daily news podcastAustralian billionaires increased their wealth by almost $600,000 …
Taxpayers talk of having to borrow cash and wait for months amid ‘significant backlogs’ in processing of claimsSome people are waiting a year or more for HM Revenue and Customs to refund overpaid tax and national insurance contributions (NICs).In some …
Federal parliamentary inquiry hears tax concessions undercut policies, including first home buyer assistanceFollow our Australia news live blog for latest updatesGenerous capital gains tax rules have pushed up property prices and damaged housing afford…
Manufacturing workers union wants capital gains tax discount to be reduced and then phased out and an effective end to negative gearingGet our breaking news email, free app or daily news podcastA trade union has called for sweeping changes to housing t…
The unwelcome return of inflation means Anthony Albanese’s government is desperate not to be seen to be adding to the problemGet our breaking news email, free app or daily news podcastA penny-pinching Jim Chalmers will reveal a multi-billion dollar imp…
Figure revealed this week was so low the Australian Services Union asked if it was a typographical errorGet our breaking news email, free app or daily news podcastThe Australian Taxation Office is aiming to reduce its outsourced work by $500,000 this f…
Exclusive: New research points to need for ‘holistic approach to combating illicit tobacco’ including having support of health advocatesGet our breaking news email, free app or daily news podcastSlashing the tobacco excise might not be enough to lure s…
Crafters, artisans and others told to declare income if above £1,000 trading allowance in tax yearThis is a busy time of year for the thousands of people who earn a bit of extra income from a festive side hustle such as running a stall at a Christmas m…
Move will have greater impact on living standards of taxpayers in bottom half of income scale, thinktanks sayUK politics live – latest updatesBusiness live – latest updatesRachel Reeves will punish poorer households more than the better off through the…
Treasury says concession could be worth £30m next year and then £70m annually until 2030Rachel Reeves has eased inheritance tax on agricultural property after pressure from farmers.As the chancellor made her budget speech on Wednesday, the Treasury ann…