Income

Qantas and Virgin among top 1,200 companies that paid no income tax in Australia in 2022-23

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A major streaming service, media outlets, major airlines and a pizza chain are among more than 1,200 large companies that paid no income tax in 2022-23, a new ATO report reveals, as many companies deducted losses and used offsets to pay their tax bills. up to zero. Netflix's Australian operations generated more than $1.15 billion … Read more

Gold Taxes: Income Tax Laws for Hacienda Gains on Gold Have Changed, Learn the New Rules

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The government has changed caudal gains taxation rules for all asset classes, including gold, mutual funds, stocks, actual estate, etc. The new rules will come into force from July 23, 2024, that is, from the current financial year. If you are buying and selling gold in any form this Diwali, it is important to know … Read more