Taxation

It is the role of the Treasury to provide advice on effective tax and retirement income arrangements that contribute to the overall fiscal outcome, influence strong sustainable economic growth for the good of the Australian people. The Treasury is responsible for assessing and advising on the general design of the tax system and its components, and retirement income policy, in relation to economic efficiency, equity, income distribution, budgetary requirements and economic feasibility.

Consultations

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In the 2020‑21 Budget, the then Government announced it would increase the small business entity turnover threshold from $10 million to $50 million annual aggregated turnover. One of these…
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As part of the 2018‑19 Budget and in response to the Black Economy Taskforce’s Final Report, the Government announced a range of measures to tackle the shadow economy including a commitment that,…
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The Government, as part of its election commitment platform, announced a multinational tax integrity package to address the tax avoidance practices of multinational enterprises (MNEs) and improve…