tax
Time for tax planning
Three days before the end of last financial year I received a call from a journalist from the Australian Financial Review. He was writing an article for publication the next day about tips for managing your tax that financial year. With tongue firmly in my cheek I suggested my top tip was “to slap yourself [...]
How to reduce your tax
A desire to reduce tax is one of the key drivers many people list when they initially contact me for financial advice. So today I will share with you my perspective on how you can save tax. First a word of caution Only tax accountants and tax lawyers are legally allowed to provide you with [...]
A view of the tax system
A client just forwarded the following parable to me. Have a read and please let me know your reactions in the comments below. The original author is unknown. Tax cuts in terms everyone can understand Suppose that every day, ten men go out for dinner. The bill for all ten comes to $100. If they paid [...]
Tax breaks for polluting activities
“Tax breaks for polluting activities should be slashed” according to the Australian Conservation Foundation (ACF) in a media release today. What a fascinating evolution of the increased environmental awareness in today’s society. Here are a few more quotes from the media release: “Treasury now estimates that, by 2009-10, we will be spending over $2 billion [...]
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