Money

Tax

The science of money

Data is the new currency.

The Centrelink debt demands are just the tip of the iceberg when it comes to how data is used in your financial life.

Entire ATO website down

Labor's Andrew Leigh says It would be a "game changer" if wealthy business leaders and politicians "put their own self ...

The Tax Office ruled out a census-style "denial of service" attack as the reason for the loss of its entire website, saying the massive failure was due to hardware problems "not being caused by any external factors".

End the age of entitlement - for seniors

Seniors are doing better in real terms than younger people earning the same incomes.

Australia's tax system has become skewed towards a growing and apparently untouchable group of 'taxed nots' - they are older Australians who pay roughly $1 billion per year less tax than younger Australians in the same circumstances, according to a new Grattan Institute report.

Morrison softens super stance

Treasurer Scott Morrison says he is prepared to write in exemptions in the superannuation proposals.

Treasurer Scott Morrison has confirmed plans to water down some of the superannuation changes announced in the budget, but says he'll hold the line on the most important elements.

H&M inks tax deal

H&M's empire spans more than 4000 stores across 62 countries.

Fast-fashion retailer is one of a growing number of multinationals locking in their Australian tax.

Tax cuts in limbo as Tax Office says 'no'

Bond investors are just happy to get their money back and are not worried about earning any interest

Tax cuts promised from Friday July 1 will fail to arrive for up to a year after the Tax Office confirmed it won't be changing its tax schedules to accommodate the prime minister.

How to max your tax refund

Get your tax affairs in order before toasting the new financial year.

Making sure you're financially organised is the key to ensuring you maximise your tax return and receive your refund as soon as possible.