Australia’s building industry shrank for a 12th month in May as higher borrowing costs and consumer caution weighed on construction, a private survey showed. Continue reading
Tag Archives: government
MBA director Brian Welch warns carbon costs will sting
The Housing Industry Association has predicted that a carbon tax will add at least $6000 to the cost of building a new home. Continue reading
FEDERAL BUDGET 2011: ATO receives $146 million to crackdown on phoenix schemes, tax refund fraud and contractor payments
The Government has again flagged a crackdown on tax avoidance in this year’s budget, with operators of phoenix schemes given special attention in a round of new measures that will see harsher punishments for company directors caught breaching tax laws. Continue reading
Business confidence wilts
Business confidence wilted in December, posting its first negative reading in more than a year and a half, as concern deepens about the effect of floods in Queensland and elsewhere will have on the economy. Continue reading
Tax office crackdown lands 17 in prison
A plasterer, a cake maker and a tobacco grower have all been convicted of tax and superannuation offences during the past three months. Continue reading
Minnows use taxman as a bank
THERE are strong reports coming out that small business debts to the ATO have ballooned in the last 12-18 months. Continue reading
ATO plans Security Bonds to beat phoenix activity
The ATO is seeking amendments to its powers with the introduction of the Draft Tax Laws Amendment Bill 2010 that will give the ATO discretionary power to demand security deposits from businesses as part of securing likely or expected tax obligations. Continue reading
Former director committed to stand trial on ASIC insolvent trading charges
The former director of International Consulting Group Pty Ltd (ICG), Dr Anula Daui Kumari Kauye, has been committed to stand trial on charges brought by ASIC. Continue reading
Accountant jailed over part in $27 million tax fraud
A Perth accountant has been sentenced to 13 months jail for his part in and after admitting to conspiring to defraud the commonwealth of $27 million. Continue reading
Interest rates heading for 10 per cent, experts warn
MORTGAGE rates are predicted to hit a horror 10 per cent within the next two years as the Reserve Bank hikes rates to prevent runaway inflation. Continue reading
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