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INSANE: 4 | Vintage Vibes

Labor happy with softer housing market since budget

Tax changes in the federal budget are already helping to level the playing field, according to the housing minister.

AAP

How gold ETFs, tax changes, and recycling incentives can reduce India’s dependence on gold imports

One of the objectives of the gold ETF was not merely financial innovation but to reduce, or at least postpone, the import of physical gold. The idea was elegant: channel India’s deep and lasting appetite for gold into financial products rather than repeated shipments of imported bullion. That promise, however,…

The Economic Times

Investor tax cut call as opponents fight Labor plan

A Labor plan to reduce investor incentives has been branded a "productivity tax" as opponents call for lower taxes for those with money to put aside.

AAP

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Anthony Albanese visibly emotional after defending Labor’s capital gains tax and negative gearing changes

Prime minister launches impassioned argument in favour of much-maligned reforms announced in last week’s federal budget

The Guardian - AU

The biggest budget myths: why claims of ‘massive tax bills’ and an investor exodus fall short

In the backlash to changes to capital gains tax, many claims have been made and not all of them stack up

The Guardian - AU

FED:Labor warned against rushing through major tax overhaul

The Greens are likely to give their support to changes to negative gearing and the capital gains discount but businesses fear it will drive investors offshore.

AAP

Man pays zero tax on Rs 5 crore land sales despite filing ITR after deadline; ITAT Mumbai rules in his favour for this reason

A Mumbai man successfully claimed a tax exemption on Rs 5 crore land sales despite filing his ITR after the deadline. The ITAT Mumbai ruled in his favor, stating that since he used the entire capital gains to purchase a new property before filing his belated return, depositing the funds…

The Economic Times

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The controversial budget shift treating startups as 'cash cows', stifling dreams

'Now they've devalued our company, what's the point?'

The Canberra Times

Wes Streeting calls for equal tax on income and capital gains in Labour leadership pitch

MP says current system is unfair and his idea would result in a ‘wealth tax that works’

The Guardian - UK

FED:Budget measures could cut house prices by 10 per cent

Changes to negative gearing and capital gains tax concessions could cause the biggest housing downturn in 40 years, in a boost for first home buyers.

AAP

Starmer says he will campaign for Burnham in Makerfield byelection – as it happened

Prime minister tells reporters he would campaign personally in the contest

The Guardian - UK

FED:'Structurally sound': Keating backs budget

Former prime minister Paul Keating is backing the budget, especially changes to the capital gains tax, as businesses continue to criticise the measures.

AAP

'Out of touch': businesses blast ex-PM's budget backing

Labor luminary Paul Keating has been panned as "out of touch" with the modern realities of owning a business after backing controversial tax changes.

AAP

How Labor’s budget hit the brakes on Australia’s housing market

Economists believe home values are set for their first national slump since 2022, though Australia’s persistent housing shortage means any fall would be short term

The Guardian - AU

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AAP

FED:Treasurer blames 'misinformation' for war on tax change

Critics of the government's capital gains tax changes are being accused by the treasurer of overstating how much extra tax small businesses will have to pay.

AAP

AAP Rolling News Bulletin May 20, 1830

AAP Rolling News Bulletin for May 20 at 1830

AAP

AAP Rolling News Bulletin May 20, 1800

AAP Rolling News Bulletin for May 20 at 1800

AAP

Startup founder fears death of dream after tax tweaks

Recently announced tax reforms will stifle new businesses and remove any incentive to dream big, an entrepreneur claims.

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AAP

AAP Rolling News Bulletin May 20, 1730

AAP Rolling News Bulletin for May 20 at 1730

AAP

AAP Rolling News Bulletin May 20, 1700

AAP Rolling News Bulletin for May 20 at 1700

AAP

'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

AAP

FED:Startups claim ambush in capital gains tax war

Most small businesses will not be affected by tax changes, but startups say the overhaul will hit emerging companies hardest.

AAP

FED:Business backlash to budget changes 'to be expected'

Most small businesses will get to keep their "quite generous" capital gains tax discount and won't be affected by budget measures, the government says.

The Conversation

Are this budget’s tax changes really an ‘assault on aspiration’?

With this year’s budget, the Albanese government has delivered a suite of bold tax reforms aimed at improving Australia’s “intergenerational equity” – particularly young people’s access to home ownership.

AAP

FED:'Making more': why young people will keep investing

Young buyers in Australia say the share market is still where they will put their money, despite incoming changes to the capital gains tax discount.

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