Media releases

The Assistant Treasurer, Senator Nick Sherry, has today announced details of the Rudd Government's confidential and comprehensive pre-consultation process on several tax reform measures contained i

The Assistant Treasurer, Senator Nick Sherry, has today highlighted the release of the OECD's Taxing Wages 2009 report, which shows the income tax burden on Australians has decreased.

The Assistant Treasurer, Senator Nick Sherry, and the Minister for Resources and Energy, Martin Ferguson MP, have today confirmed the Rudd Government will complete the long-standing plan for a 5

The Rudd Government has today introduced legislation to enact significant reforms to Australia's foreign source income anti-tax-deferral (attribution) rules by repealing the foreign investment fu

The Assistant Treasurer, Senator Nick Sherry, today announced that Australia has signed a bilateral tax treaty with the Marshall Islands for the exchange of tax information.

The Assistant Treasurer, Senator Nick Sherry, today welcomed the passage through Parliament of amendments that protect investors in forestry managed investment schemes (MIS) from an adverse and uni

Australia's tax consolidation regime was today significantly enhanced by the passage of laws that resolve several long-standing operational issues and provide greater certainty and less compliance

The Assistant Treasurer, Senator Nick Sherry, has welcomed the passage today of legislation containing the 2009-10 Budget measure to allow a managed investment trust (MIT) to elect to have the c

The Assistant Treasurer, Senator Nick Sherry, has today announced details of the Rudd Government's confidential and comprehensive pre-consultation process on several tax reform measures contained i

The Assistant Treasurer, Senator Nick Sherry, has today highlighted the release of the OECD's Taxing Wages 2009 report, which shows the income tax burden on Australians has decreased.

The Assistant Treasurer, Senator Nick Sherry, and the Minister for Resources and Energy, Martin Ferguson MP, have today confirmed the Rudd Government will complete the long-standing plan for a 50 p

The Assistant Treasurer, Senator Nick Sherry today announced that the Rudd Government will introduce legislation to apply look-through capital gains tax (CGT) treatment for qualifying earnout

The Assistant Treasurer, Senator Nick Sherry today announced that the Rudd Government will introduce legislation to apply look-through capital gains tax (CGT) treatment for qualifying earnout

The Rudd Government will provide an extra boost to banking competition by allowing non-major banks to access cheaper funding so they can offer cheaper loans to Australian households and businesses.

The Rudd Government will make it easier to fill out tax returns by offering a standard tax deduction that is expected to deliver a bigger tax return for 6.4 million Australians.

The Rudd Government will introduce a new regulatory framework to improve the integrity of public ancillary funds and further boost confidence in the philanthropic sector.

Investors in capital protected borrowings will be the big winners of a $28 million initiative to adjust the benchmark interest rate on these borrowings from tonight.

The Government will reduce compliance costs for businesses through a package of GST reform measures to help business owners spend less time wading through red tape.

The Rudd Government will start consultation on an investment manager regime (IMR) that will reform and expand Australia's managed funds industry by removing impediments to international investment.

The Rudd Government will amend income tax law to improve the operation of rules relating to the calculation and collection of income tax liabilities from consolidated groups and multiple entry cons