CPA Australia implies final Budget outcome masks structural tax problems
Today’s Final Budget Outcome 2024-25 shows Australia’s fiscal position has improved compared with earlier forecasts. However, the largest accounting body, CPA Australia, remains concerned over the nation’s over-reliance on a shrinking pool of taxpayers and persistent expected deficits over the next decade. The figures show that the $10 billion underlying cash deficit is less than […]
Labor plays tit for tat as it nullifies the Coalitions instant asset write-off pledge
CPA Australia today welcomed Labor’s pledge to extend the $20,000 instant asset write-off by 12 months, but noted the measure remained much too politicised. CPA Australia Business Investment Lead Gavan Ord said the pledge meant that SMEs with revenue up to $10 million a year would have 12 months of additional certainty. “We are pleased […]