Press Releases

Taxpayers welcomes government’s rethink of backpacker tax

Taxpayers Australia welcomes the Federal Government’s decision to reconsider its stance on taxing holidaymakers from the first dollar earned and forcing farmers to collect withholding tax from their non-resident casual workers. Taxpayers welcomes government’s rethink of backpacker tax Current rules entitle the so-called “backpackers” to a tax free threshold, ensuring a stable source of labour

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Has the CGT discount reached its expiry date for investment property?

The government should urgently review the current capital gains tax (CGT) discount rules that apply to investments held for more than a year with a view to removing the generous discounts available to short-term investments. Has the CGT discount reached its expiry date for investment property? The CGT general discount was introduced in 1999 as

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Single-issue politics does not equal balanced tax reform

The constructive debate over tax reform initiated after the launch of the tax white paper appears to have been hijacked by political point-scoring in recent times, Taxpayers Australia said today. Single-issue politics does not equal balanced tax reform Moti Kshirsagar, Taxpayers Australia’s chief executive officer, said it was especially disappointing to see the structured and

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Keep the $20,000 small business write-off

Taxpayers Australia Ltd has called for the government to make permanent the $20,000 threshold for the small business instant asset write-off in its pre-Budget submission. Keep the $20,000 small business write-off “The new $20,000 threshold is so far achieving its goal of encouraging more small businesses to invest in productive assets,” says the chief executive

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White paper debate on tax reform continues

Taxpayers Research Foundation Limited, a wholly owned subsidiary of Taxpayers Australia Limited, has commissioned a white paper to contribute to the ongoing debate in relation to Australia’s long-term taxation policy. The paper addresses a number of major deficiencies in Australian taxation policy. White paper debate on tax reform continues “In conjunction with the Re:think submissions,

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