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#tax — Public Fediverse posts

Live and recent posts from across the Fediverse tagged #tax, aggregated by home.social.

  1. Why millennials and gen Z feel ripped off by this budget
    By Holly Tregenza

    The prime minister said this budget was about fixing intergenerational inequality, but online, gen Z and the millennials are hearing a different narrative.

    abc.net.au/news/2026-05-15/why

    #HousingPolicy #Tax #Budget #FederalGovernment #GovernmentandPolitics #FederalParliament #HollyTregenza

  2. "Even more interesting are the broader implications [of #ai]. The same searching, pattern-matching and reasoning capabilities that make these #models so good at analyzing software almost certainly apply to similar systems. The #tax code isn’t computer code, but it’s a series of algorithms with inputs and outputs. It has vulnerabilities; we call them tax #loopholes. It has exploits; we call them tax avoidance strategies. And it has black hat hackers: attorneys and accountants.

    Just as these models are finding hundreds of vulnerabilities in complex software systems, we should expect them to be equally effective at finding many new and undiscovered tax loopholes."

    schneier.com/blog/archives/202

  3. Angus Taylor promises permanent tax cuts and to reinstate all negative gearing
    By Clare Armstrong

    The Coalition would repeal all of Labor's negative gearing and capital gains changes and spend $22.5 billion over four years handing back tax "bracket creep" to workers if elected.

    abc.net.au/news/2026-05-15/coa

    #Tax #Budget #Government #FederalParliament #ClareArmstrong

  4. Trust tax could hurt young, not just ultra-wealthy, tax advisors warn
    By Nassim Khadem

    The federal budget includes a new 30 per cent minimum tax on discretionary trusts. Experts say it is not just the ultra-wealthy that will be hit.

    abc.net.au/news/2026-05-15/wea

    #Tax #Budget #TaxEvasion #FinancialPlanning #PersonalFinance #FinancialAdvisers #SmallBusinesses #NassimKhadem

  5. Chinese Australians say Coalition pitch to cut non-citizens' welfare 'sounds like One Nation'
    By Samantha Dick

    Chinese Australians have lashed the Coalition's plan to block non-citizens from accessing welfare services, likening the opposition's targeting of migrants to One Nation.

    abc.net.au/news/2026-05-15/chi

    #MigrationPolicy #FederalParliament #GovernmentandPolitics #Tax #SamanthaDick

  6. @RichardJMurphy
    ⚠️ ...a decent Prime Minister? ⚠️

    This question is self-defeating...

    We would have to first re-define the position of power / rich taking advantage of us and squeezing ppl (think of it like a CEO of any big company, #Amazon etc.)
    It's their job!

    However much you'd like them to not make as much money or not squeeze, or go towards #freedom #democracy - it is NOT what they are working on and ALL is a cover / vehicle for that (even #hospitals = big profit = #tech / #tax etc).

  7. @RichardJMurphy
    ⚠️ ...a decent Prime Minister? ⚠️

    This question is self-defeating...

    We would have to first re-define the position of power / rich taking advantage of us and squeezing ppl (think of it like a CEO of any big company, #Amazon etc.)
    It's their job!

    However much you'd like them to not make as much money or not squeeze, or go towards #freedom #democracy - it is NOT what they are working on and ALL is a cover / vehicle for that (even #hospitals = big profit = #tech / #tax etc).

  8. @RichardJMurphy
    ⚠️ ...a decent Prime Minister? ⚠️

    This question is self-defeating...

    We would have to first re-define the position of power / rich taking advantage of us and squeezing ppl (think of it like a CEO of any big company, #Amazon etc.)
    It's their job!

    However much you'd like them to not make as much money or not squeeze, or go towards #freedom #democracy - it is NOT what they are working on and ALL is a cover / vehicle for that (even #hospitals = big profit = #tech / #tax etc).

  9. @RichardJMurphy
    ⚠️ ...a decent Prime Minister? ⚠️

    This question is self-defeating...

    We would have to first re-define the position of power / rich taking advantage of us and squeezing ppl (think of it like a CEO of any big company, #Amazon etc.)
    It's their job!

    However much you'd like them to not make as much money or not squeeze, or go towards #freedom #democracy - it is NOT what they are working on and ALL is a cover / vehicle for that (even #hospitals = big profit = #tech / #tax etc).

  10. @RichardJMurphy
    ⚠️ ...a decent Prime Minister? ⚠️

    This question is self-defeating...

    We would have to first re-define the position of power / rich taking advantage of us and squeezing ppl (think of it like a CEO of any big company, #Amazon etc.)
    It's their job!

    However much you'd like them to not make as much money or not squeeze, or go towards #freedom #democracy - it is NOT what they are working on and ALL is a cover / vehicle for that (even #hospitals = big profit = #tech / #tax etc).

  11. “Buried in the #budget papers is a revelation that Labor plans to impose a minimum effective #tax rate of 51 per cent on distributions from #discretionary #trusts to so-called bucket #companies.

    The move is aimed squarely at the “hundreds of thousands” of people who use such strategies to split income with their #families

    Who has a family trust?

    This is the new “Franking Credit” squeals from the Pearl clutching set. Isn’t it?

    #AusPol / #RulingClass / #wealth / #power <archive.md/t2rFf> / (paywall) <afr.com/wealth/investing/how-l>

  12. #JohnQuiggin argues the case for part public ownership in the national electricity market (#NEM ). And it makes absolute sense to do that. Maybe, just maybe, if #Labor is game enough… well, you never know, we just got a #Tax #SacredCow sent to the abattoir.

    Read John’s article here:
    thepoint.com.au/opinions/26051

    “Australia’s energy market operator should be split in two and the national transmission network brought back under a public ownership model, according to a new report that is calling for a “fundamental overhaul” of the National Electricity Market.
    The analysis, published this week by The Australia Institute, is authored by University of Queensland economics professor John Quiggin, a long-time critic of the National Electricity Market (NEM) for – as he put it almost 10 years ago in 2017 – consistently failing to achieve its purpose.” (Source: reneweconomy.com.au/aemo-shoul )

    #Energy #Electrification #ClimateAction #AusPol

  13. #JohnQuiggin argues the case for part public ownership in the national electricity market (#NEM ). And it makes absolute sense to do that. Maybe, just maybe, if #Labor is game enough… well, you never know, we just got a #Tax #SacredCow sent to the abattoir.

    Read John’s article here:
    thepoint.com.au/opinions/26051

    “Australia’s energy market operator should be split in two and the national transmission network brought back under a public ownership model, according to a new report that is calling for a “fundamental overhaul” of the National Electricity Market.
    The analysis, published this week by The Australia Institute, is authored by University of Queensland economics professor John Quiggin, a long-time critic of the National Electricity Market (NEM) for – as he put it almost 10 years ago in 2017 – consistently failing to achieve its purpose.” (Source: reneweconomy.com.au/aemo-shoul )

    #Energy #Electrification #ClimateAction #AusPol

  14. #JohnQuiggin argues the case for part public ownership in the national electricity market (#NEM ). And it makes absolute sense to do that. Maybe, just maybe, if #Labor is game enough… well, you never know, we just got a #Tax #SacredCow sent to the abattoir.

    Read John’s article here:
    thepoint.com.au/opinions/26051

    “Australia’s energy market operator should be split in two and the national transmission network brought back under a public ownership model, according to a new report that is calling for a “fundamental overhaul” of the National Electricity Market.
    The analysis, published this week by The Australia Institute, is authored by University of Queensland economics professor John Quiggin, a long-time critic of the National Electricity Market (NEM) for – as he put it almost 10 years ago in 2017 – consistently failing to achieve its purpose.” (Source: reneweconomy.com.au/aemo-shoul )

    #Energy #Electrification #ClimateAction #AusPol

  15. #JohnQuiggin argues the case for part public ownership in the national electricity market (#NEM ). And it makes absolute sense to do that. Maybe, just maybe, if #Labor is game enough… well, you never know, we just got a #Tax #SacredCow sent to the abattoir.

    Read John’s article here:
    thepoint.com.au/opinions/26051

    “Australia’s energy market operator should be split in two and the national transmission network brought back under a public ownership model, according to a new report that is calling for a “fundamental overhaul” of the National Electricity Market.
    The analysis, published this week by The Australia Institute, is authored by University of Queensland economics professor John Quiggin, a long-time critic of the National Electricity Market (NEM) for – as he put it almost 10 years ago in 2017 – consistently failing to achieve its purpose.” (Source: reneweconomy.com.au/aemo-shoul )

    #Energy #Electrification #ClimateAction #AusPol

  16. #JohnQuiggin argues the case for part public ownership in the national electricity market (#NEM ). And it makes absolute sense to do that. Maybe, just maybe, if #Labor is game enough… well, you never know, we just got a #Tax #SacredCow sent to the abattoir.

    Read John’s article here:
    thepoint.com.au/opinions/26051

    “Australia’s energy market operator should be split in two and the national transmission network brought back under a public ownership model, according to a new report that is calling for a “fundamental overhaul” of the National Electricity Market.
    The analysis, published this week by The Australia Institute, is authored by University of Queensland economics professor John Quiggin, a long-time critic of the National Electricity Market (NEM) for – as he put it almost 10 years ago in 2017 – consistently failing to achieve its purpose.” (Source: reneweconomy.com.au/aemo-shoul )

    #Energy #Electrification #ClimateAction #AusPol

  17. Coalition to propose permanent end to tax bracket creep
    By Clare Armstrong

    The Coalition will make a bold play to win back voters with a plan to automatically index income tax brackets to keep up with inflation.

    abc.net.au/news/2026-05-14/coa

    #Tax #GovernmentandPolitics #Budget #Inflation #Liberals #FederalParliament #ClareArmstrong

  18. Live: Housing minister says tax changes will not have 'significant' impact on rents
    By Joshua Boscaini

    Housing Minister Clare O'Neil says the tax changes in the budget will not have a "significant impact" on rent prices. Follow live.

    abc.net.au/news/2026-05-14/fed

    #GovernmentandPolitics #FederalGovernment #Parliament #HousingPolicy #Budget #Tax #JoshuaBoscaini

  19. Economists divided on extent of property price hit from budget tax overhaul
    By Jasper Wells, Michael Janda, and Stephanie Chalmers

    Some economists are forecasting price falls of up to 5 per cent as a result of measures to reduce intergenerational housing inequality.

    abc.net.au/news/2026-05-14/pro

    #HousingPolicy #Budget #Tax #JasperWells #MichaelJanda # #StephanieChalmers

  20. Andy Burnham’s camp scrambles to challenge a Wes Streeting leadership bid – POLITICO

    More than 90 Labour MPs called for Starmer to quit, including four ministers who resigned to demand his…
    #NewsBeep #News #Headlines #AndyBurnham #AngelaRayner #DanBloom #EdMiliband #Elections #Energy #KeirStarmer #Mayors #Parliament #Rights #Scotland #Tax #UK #UnitedKingdom #Wales #WesStreeting
    newsbeep.com/536731/

  21. “Three-quarters of UK millionaires would be happy to pay more tax, research finds.” They need to be voting Green! #Greens #Tax

  22. Forget the generation gap, this budget is about 'the 1 per cent' and the rest
    By Tom Crowley

    Just like it did in 2019, Labor is making an argument about wealth in Australia when it proposes negative gearing and capital gains tax changes.

    abc.net.au/news/2026-05-13/lab

    #Tax #FederalGovernment #GovernmentandPolitics #FederalParliament #Economy #Budget #TomCrowley

  23. Use our calculator to work out how much the budget changes could save you
    By Andrew Kesper

    How much the budget measures could benefit you depends on how much you earn.

    abc.net.au/news/2026-05-13/202

    #Tax #Budget #CostofLiving #AndrewKesper

  24. Will property tax changes level the playing field or raise the drawbridge?
    By Michael Janda

    There's no doubt that taking away negative gearing on existing properties will reduce the amount many investors can afford to pay, evening up the playing field for owner-occupiers. But these tax changes by themselves aren't a cure all.

    abc.net.au/news/2026-05-13/wil

    #HousingPolicy #Tax #PropertyPrices #HousingConstructionIndustry #RealEstateIndustry #Budget #MichaelJanda

  25. “This Tea Is Too Cheap!” #2 🫖 (Boston Tea Party / 16 Dec. 1773)

    Hot-takes from Abigail + Sam + John Adams & the Town of Boston...

    marekbennett.com/2026/05/12/bo

  26. “This Tea Is Too Cheap!” #2 🫖 (Boston Tea Party / 16 Dec. 1773)

    Hot-takes from Abigail + Sam + John Adams & the Town of Boston...

    marekbennett.com/2026/05/12/bo

  27. “This Tea Is Too Cheap!” #2 🫖 (Boston Tea Party / 16 Dec. 1773)

    Hot-takes from Abigail + Sam + John Adams & the Town of Boston...

    marekbennett.com/2026/05/12/bo

  28. “This Tea Is Too Cheap!” #2 🫖 (Boston Tea Party / 16 Dec. 1773)

    Hot-takes from Abigail + Sam + John Adams & the Town of Boston...

    marekbennett.com/2026/05/12/bo

  29. “This Tea Is Too Cheap!” #2 🫖 (Boston Tea Party / 16 Dec. 1773)

    Hot-takes from Abigail + Sam + John Adams & the Town of Boston...

    marekbennett.com/2026/05/12/bo

  30. Negative gearing cut off for existing homes bought after tonight
    By Jake Evans

    Tax perks that have been used by property investors for decades to maximise profits and offset their losses will be restricted from tonight, in one of the most significant changes to the tax system in years.

    abc.net.au/news/2026-05-12/bud

    #Budget #FederalGovernment #GovernmentandPolitics #FederalParliament #HousingPolicy #Tax #HousingConstructionIndustry #JakeEvans

  31. CGT changes could see investment shift to shares, budget suggests
    By Stephanie Chalmers, Jasper Wells, and David Taylor

    Investors in stocks will be affected by changes to capital gains tax, but experts say the budget is still likely to see some investment move away from property and into shares.

    abc.net.au/news/2026-05-12/bud

    #StockMarket #Budget #SmallBusinesses #Tax #StartUpsandEntrepreneurs #FederalGovernment #StephanieChalmers #JasperWells # #DavidTaylor

  32. $250 tax break for millions in 'rebalance' of tax system for workers
    By Clare Armstrong

    Labor will raise taxes on investment properties and some trust funds, giving the revenue back to workers with a new $250 tax break under reforms it says will "rebalance" the Australian tax system.

    abc.net.au/news/2026-05-12/fed

    #Budget #FederalGovernment #FederalParliament #Tax #HousingPolicy #BusinessEconomicsandFinance #ClareArmstrong