Google AI

Weekend Times


The Times

Business News

Yes, there are millionaires who pay no tax, but crimping deductions mightn't help

  • Written by: Ann Kayis-Kumar, Senior Lecturer and Tax Clinic Director, School of Taxation & Business Law, UNSW
Yes, there are millionaires who pay no tax, but crimping deductions mightn't helpFiona Smallwood/Unsplash, CC BY-SA

For some people tax time will result in no tax paid this year, and if past years are anything to go by, about 50 of them will be millionaires.

Not mere millionaires, but millionaires earning more than A$1 million per year.

For some of these 50 or so very high earners, managing tax will be expensive. The two dozen or...

Read more: Yes, there are millionaires who pay no tax, but crimping deductions mightn't help

The Weekend Times Magazine

Weekend Escapes Closer to Home: Making the Most of Every Litre

Rising fuel prices are changing more than household budgets—they are changing the way Australians holiday. For many families, a weekend away has traditionally meant filling the car and heading several hundred...

Car subscription offers part-time workers access to a car during COVID-19

New research commissioned by Carly, Australia’s first flexible car subscription provider, surveyed more than 1200 Australians and found that 48% of part time workers would consider car subscription instead of...

Tips For Creating A Safe Pool Environment For Your Growing Family

Having a pool in the backyard is a dream for many Australian families. It offers hours of entertainment, a way to stay active, and a place to cool off during...

Australia’s top economists oppose the next increases in compulsory super: new poll

The five consecutive consecutive hikes in compulsory super contributions due to start next July should be deferred or abandoned in the view of the overwhelming majority of the leading Australian...

Why Rainwater Tanks Are Becoming Essential For Australian Homes

Water conservation has become increasingly important across Australia due to changing weather conditions, rising utility costs, and growing environmental awareness. Many homeowners are now investing in Rainwater Tanks to collect and...

Catch a Flight to Broome for a Tropical Adventure

If you’re dreaming of a getaway that combines tropical beauty, rich culture, and a sense of adventure, look no further than Broome. Tucked away in Western Australia’s Kimberley region, Broome...

Prime Minister Press Conference Australian Parliament House

PRIME MINISTER: Good afternoon everyone. Today's meeting of the National Cabinet came during a week of what I'd describe of increased hope. This was a week of hope. We were...

Defacto Partner Visa Help from Best Immigration Lawyer AU

When two people decide to share their lives together, the legal paperwork shouldn’t get in the way. But if your relationship involves immigration, it often does. Australia’s partner visa process...

The Importance Of Professional Electrician Services Sydney For Safe And Reliable Electrical Work

Modern homes, workplaces, and commercial facilities depend on safe and efficient electrical systems. When electrical issues arise or new installations are required, relying on expert electrician services Sydney ensures that all...

hacklink esim new zealandjojobetjojobet girişjojobethacklink panel