The Latest Breaking News from Income Tax

Labor's election tax cuts will provide a "meaningful" boost to the economy, while the coalition's fuel excise cuts have been labelled economically "silly".

Labor’s tax changes this week do not tackle tax reform, or why we desperately need it. They only address the amount collected from personal income tax, which is the largest source of tax revenue.

Income tax and national insurance contributions are the main drivers behind the jump in the overall tax burden

The money expert focused on household income and rumoured ISA changes in his initial reaction

You may reconsider living and retiring in one of these states due to high taxes.

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

The constant push to cut income taxes in South Carolina has accelerated significantly

The bill for the two regions has jumped above £108 billion a year

Government plans for tax cuts may have to be postponed due to the threat of a global trade war, the finance minister has said.

The halcyon days of back-to-back surpluses are over but you can expect more energy rebates and perhaps some surprise announcements