Higher-than-expected tax deductions relating to cars, travel, clothing, internet and mobile phones, and self-education expenses are among the top claims the tax man will be keeping a close eye on this tax time.
Deputy Editor, BusinessDay. Reporting on tax and regulation.
The Australian Taxation Office's high-profile area targeting high-wealth individuals that former deputy commissioner Michael Cranston headed will be a key focus in a wide-ranging review of the agency.
Employers letting their staff use ride-sharing services such as Uber, rather than a licensed taxi, could be liable for fringe benefits tax, the Australian Taxation Office says.
Without addressing complexity in our tax system, there's no hope of stopping individuals from overclaiming and engaging in illegal cash economy activity.
Australia needs to introduce stronger penalties for corporate crime and effective compensation and protections for whistleblowers, before it goes down the path US-style bounties, the Australian Securities and Investments Commission's John Price says.
A parliamentary committee has called on the Inspector-General of Taxation to conduct a review into the ATO following the alleged abuse of position by one of its highest-ranking officers.
In corporate Australia where there are just a handful of female CEOs on the ASX 200, and 13 of the nation's largest boards still without any women on it, male chiefs need to push women to climb the corporate ladder.
Almost 10 years since the global financial crisis, in a world of sub-par economic growth even the optimists are downbeat.
There are still 13 companies on the ASX 200 that have no female directors.
Australia's highest-risk taxpayer has lost an appeal in the Federal Court on a $15 million tax bill relating to interest income.