Victorian State Budget 2019-20: Analysis
The Victorian State Budget 2019-20 was released on Monday 27 May 2019.
Federal Budget 2019-20: Overview
The 2019-20 Budget has been designed to ensure few in the community will be offended.
Federal Budget 2019-20: Tax integrity measures
The Budget provides more funding to the ATO’s Tax Avoidance Taskforce with a focus on unpaid tax and superannuation by large businesses and high wealth individuals. A dedicated sham contracting unit will also be created within the Fair Work Ombudsman to address sham contracting.
Federal Budget 2019-20: Indirect tax
The Budget did not contain major changes to indirect taxes but announced a small change to the luxury car tax for farmers and tourism operators. The Budget also proposed measures to counter the black economy through more stringent (annual) ABN eligibility rules.
Federal Budget 2019-20: Superannuation
The Government has again announced superannuation changes in this year’s Budget, which are broadly positive in nature and aimed at increasing contribution opportunities for individuals between the ages of 65 and 74.
Federal Budget 2019-20: International tax
After years of significant amendments to international tax provisions, this year’s budget is relatively quiet from an international perspective.
Federal Budget 2019-20: Private tax
The Government has heeded concerns and delayed the start date of Division 7A changes for 12 months.
Federal Budget 2019-20: Personal income tax
The Government has announced measures that seek to build on previously legislated changes to reduce personal income tax over the next six years.
Federal Budget 2019-20: Review
The Federal Budget 2019-20 was released at 7.30pm AEDT last night. Delivered by Josh Frydenberg, the pre-election Budget detailed the Federal Government’s policy plans for the year ahead.
Federal Budget 2019-20: Small and medium business tax
The Government has announced an expansion of the instant asset write-off threshold from $25,000 to $30,000, with medium-sized businesses (with a turnover of up to $50m) now also qualifying. Further, additional funding of $60 million will be provided over three years for small and medium enterprises to support Australian exports.