Category Taxation in Australia
February 21, 2017 Taxation in Australia
A new report in Australia with contributions from over 100 nutrition experts from across 53 organizations is calling for a raft of new measures aimed directly at tackling the country’s growing obesity epidemic.
One of the key proposals in the report was the introduction of targeted taxes on sugar-filled foods and beverages, including sugary drinks, a food item that has been the targeted of taxes and tax discussion around the world.
The tax was not the only suggestion in the report, and among the 46 other points raised were complimentary measures such as restricting advertising on junk food, restricting the sale of junk food at...Read More
February 16, 2017 Taxation in Australia
Implementing taxes on unhealthy foods and introducing subsidies on fruits and vegetables in Australia could save lives, billions in expenditure, while costing taxpayers and consumers virtually nothing, according to the results of a new study published on February 14th in the international Medical PLOS Medical.
The study evaluated the combined and individual effects of implementing taxes on fat, salt, sugar, and sugar-sweetened beverages, and also implementing subsidies on fresh fruits and vegetables.
Individually, a sugar tax was the most effective measure, followed by a salt tax, a saturated fat tax, and, lastly, a tax on sugary drinks...Read More
November 29, 2016 Taxation in Australia
On November 29th the One Nation party of Australia pledged its support to the government of Australia to implement a special tax rate for travellers working in Australia, ending months of debate and controversy on the issue.
Currently, backpackers working in Australia face the same system of personal taxes as Australian citizens, and are not liable for personal income tax until their annual earnings exceed AUD 18 500 per year.
However, in its latest budget proposal the government stated that it intends to see backpackers pay a rate of 32.5 percent from the first dollar earned.
Following the announcement of the 32...Read More
November 21, 2016 Taxation in Australia
New research released by the Australian think-tank the Grattan Institute has called for a wind-back of the tax breaks offered to older Australians.
Currently, senior Australians are eligible to enjoy high levels of rebates on private medical insurance, Seniors and Pensioners Tax Offsets (SAPTO), and a higher Medicare levy income threshold than the one faced by younger taxpayers.
The think-tank called the offsets and tax breaks “unduly generous” and without any economic rationale.
It was noted that the age-based tax policies are becoming increasingly misaligned, due to the rising levels of workforce participation by those aged 65 and over, and ...Read More
September 27, 2016 Taxation in Australia
On September 27th the government of Australia backed down on its intentions to apply an income tax rate of 32.5 percent on the incomes earned by working holiday makers.
Australian citizens enjoy a zero rate of tax on personal incomes up to AUD 18 200, followed by a rate of 19 percent on incomes between AUD 18 201 and 37 000, with a rate of 32.5 on all further income.
The government had previously stated that it would drop the thresholds for any non-residents with working visas in Australia, instead levying incomes at the full rate of 32.5 percent.
The intention quickly proved to be controversial, with many groups and experts clai...Read More