federal budget

Tax & Super Australia commentary on Federal Budget 2021-22

by John Jeffreys The Government has decided not to go down the austerity path.  The amount of net debt as a share of GDP is predicted to peak at around 40% about 2025 when it was only at about 18% in 2017.  Rather, the Government has decided to put its foot on the accelerator with

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Federal Budget 2020-21

We all understand that budgets are an exercise in predicting the future. Given what has happened in 2020, gazing into the crystal ball and extracting something reliable is fraught with difficulty. The Treasury has given its best estimate, but we also need to appreciate that budgets are usually never 100% on target — that’s the

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Federal Budget 2019

  The Treasurer Josh Frydenberg’s first budget has lots of goodies with few “baddies”. See below for links to: Individuals Business Superannuation Top 5 points for tax agents Winners and losers infographic. This was to be expected with the next federal election only weeks away and the Coalition Government trying to make up ground in

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Deductions for vacant land to be wound back

  The government announced in May this year, as part of the 2018–19 federal budget, that it will decrease the scope of allowable deductions for expenses stemming from holding vacant land that is intended to be used for residential or commercial purposes. The measure will apply from 1 July 2019. (See page 42 of the

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Federal Budget 2018 Infographic – Winners and Losers

  It was undoubtedly a pleasant surprise to see the government has more money in its coffers than anticipated – almost $7 billion more.  More people are employed, consumers are spending their hard earned money and companies are being run effectively. Undoubtedly the headline item from the budget is tax relief for individuals by lifting

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What most Budget coverage probably glossed over

{Scroll down for the full budget wrap-up} Every year, when the Federal Budget papers are distributed, there is buried in the midst of them a couple of graphs that should get more attention. They don’t reveal all that much from a tax technical perspective, but from a tax-paying citizen’s viewpoint the data revealed gives more

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Full Federal Budget coverage here

Click here for Tax & Super Australia’s full Federal Budget coverage for the 2017 Budget.A federal budget wish list   The following was published in the lead up the Budget night, May 9, 2017. In the lead up to this year’s federal budget, Tax & Super Australia provided the government with a submission outlining the

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Tax & Super Australia’s 2017-18 pre-budget submission

Our pre-budget submission recommendations have been driven by the priorities, concerns and ideas of our members. In this pre-budget submission, based on a member survey that covered a broad range of taxation and superannuation issues, our suggestions reflect our overarching objective of achieving a suitable balance of fairness, efficiency and simplicity in the taxation system.

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Taxpayers Australia’s coverage of the 2016 Federal Budget

Taxpayers Australia’s coverage of the 2016 Federal Budget The Federal Budget 2016 has a few sweeteners, but not so much that will turn anyone hyperactive. See the links at left for our dissection of all the announcements made in the Federal Budget 2016. And scroll down for a summary of the main points, and Taxpayers

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