It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.
In the 2019-20 Budget, the Government announced that it would provide further relief to farmers and tourism operators by amending the luxury car tax arrangements. The Government has released exposure…
Further to the initial round of consultation following the Government’s announcement of an independent review into the effectiveness of the Tax Practitioners Board, and based on feedback received…
In the 2018-19 Budget, the Government announced it would introduce an economy-wide cash payment limit of $10,000 for payments made or accepted by businesses for goods and services. Transactions equal…