High-income earners receive the most from the stage three tax cuts, but there’s a big discussion to be had around intergenerational equity, experts say.
The Australian economy’s surge of “job growth on steroids” will lead to “tax refunds on steroids” for those who have started a new role part-way through the financial year.
A senior Tax Office official has urged executives to follow the example of listed companies such as BHP in publicly revealing details of tax dispute settlements.