Tax

The good news is there's likely to be some change to Australia's HELP scheme, and we're likely to hear about it soon, in the lead-up to the May budget. The bad news for borrowers is it won't be debt relief of the kind Biden is offering.

The Australian share market has finished slightly in the red as traders await further indications about the likely path of interest rates and the conflict in the Middle East. See how the day unfolded on our business news blog.

Rising geopolitical tensions have a mixed impact on commodity prices, sending stocks lower during the Asian session. Meanwhile, Bunnings has been grilled at the Senate inquiry into supermarket prices.

Building materials maker Boral has backed a revised bid from Kerry Stokes-controlled Seven. The Australian share market closed lower on Friday despite a late rally from Wall Street.

The bosses of Aldi are fronting a Senate inquiry examining supermarket prices and market power in Australia, while a fall on Wall Street has sent Australian stocks lower after data showed US consumer prices rose more than expected in March.

The ASX ends the day higher, as strong commodity prices boost some of the market's biggest companies. Ahead of US inflation numbers out tonight, the boss of JPMorgan Chase says interest rates there could reach 8 per cent as a range of "persistent inflationary pressures" weigh on the economy. 

I'll still report on the budget's winners and losers next month, but I'll also aim to go deeper — to report on what's winning as well as who.

The ASX closes in positive territory ahead of key US inflation data to be released on Wednesday. Catch up on the day's events and insights as it happened with the ABC News markets blog.

Groups spring up on social media, claiming to hold secret knowledge the Australian government is holding back from regular citizens: the Australian Taxation Office "isn't real".

The Indonesian government has introduced a visitor levy to help the Bali cope with millions of visitors each year. At this stage, payment for the tax has not been enforced by staff when visitors arrive at the airport.

Small business owners have collected billions of dollars in GST from their customers in recent years but failed to hand it to the tax office, prompting a warning from the new tax commissioner.

A small gain on Wall Street sends Australian stocks higher, while fresh building approvals data showed a massive plunge in apartment approvals, which is worrying for both builders and city-dwelling renters. See how the day unfolded on our live business blog.

The Australian share market followed Wall Street lower, dropping from its record high, as our regional neighbours also posted losses during today's trade. Meantime, 2023 was an "amazing year" for billionaires, with the world's richest people reportedly becoming $3 trillion richer.

Terms like negative gearing and capital gains tax sound complicated but you shouldn't be put off by the financial jargon. You don't need to be a money expert to understand what they mean. 

Under new tax rules, not-for-profit organisations must notify the tax office of their tax exemption status or they will have to pay income tax. 

Thousands of not-for-profit organisations fear their financial futures are under threat from a tax change set to kick in next financial year. 

The ASX has breached new territory and finished the day a fraction off its 12-month high. Meanwhile, Armaguard has rejected a $26 million lifeline offered by some of Australia's biggest companies to keep cash moving around the country. Read how the day's events unfolded.

To understand why 30-somethings feel like they're struggling financially, the ABC analysed five factors — housing, healthcare, debt, tax, and income. The data reveals this generation is caught in an economic perfect storm.

The Australian share market has ended higher at the close of trade on Wednesday to recover from earlier losses, while the latest monthly inflation data for February showed the annual rate remained steady at 3.4 per cent. 

The state's valuer general has assessed 20 local government areas in 2024, with valuations climbing by at least 25 per cent in some parts of South East Queensland.

Two federal ombudsmen have joined forces to launch a scathing review of the Australian Tax Office and call on government agencies to act more fairly when they chase people for debts.

Prosper Australia says if we were smarter about taxing land, we could slash taxes on workers and businesses, writes Gareth Hutchens. 

The US Federal Reserve left interest rates on hold at its meeting overnight, with the central bank indicating it's still likely to deliver three rate cuts by the end of the year. Meanwhile, the ASX closed higher, while the unemployment rate fell to 3.7 per cent in February. 

Wall Street is soaring ahead of a decision on rates by the US Federal Reserve while, here in Australia, the ASX ends lower on Wednesday, the day after our central bank left rates on hold.

Colin Dent wouldn't necessarily be deterred from going to the doctor if payroll tax costs are passed on to patients, but the 74-year-old from Adelaide's southern suburbs worries that those who are "most vulnerable" may well be.