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The article discusses how Queensland Premier Campbell Newman plans to rejuvenate Queensland by slashing the public service and increasing taxes and focusing on the four economic pillars with the aim of cutting red tape and regulation. The state's economic pillars, including tourism, construction and agriculture, suffered badly following the financial crisis, with only mining unharmed. Under its strategy, the Queensland government has set a target of doubling state tourism by 2020/

The article discusses the strategies employed by Australia's rich people to pay less taxes without breaking the law. High-income earners are known to take up residence in tax shelter countries like in Bermuda, Bahamas, and Monaco. The rich also have access to top-quality financial advice, and this advantage is what separates the rich from the most of the taxpayers.

The article presents quotes from actor Paul Hogan explaining the reason he can not pay the taxes imposed on him by the government, Wesfarmer chief executive officer (CEO) Richard Goyder discussing the advantages of living in Perth, Western Australia, and Nufarm chairman Donald McGauchie defending Doug Rathbone, CEO of Nufarm.

The article presents a quote from Xstrata chief executive Mick Davis on the resources rent tax proposed by the Australian government.

The article focuses on the Future Tax System Review headed by Treasury Secretary Ken Henry in Australia which reveals that the corporate tax rate in Australia is not competitive by global standards. It mentions that payroll tax contributes to the employment of machinery rather than employees which results to the reduction of staff. Meanwhile, the royalties in the mining sector is expected to improve the fiscal positions of the government and supply a source of investment in infrastructures.

The article focuses on the taxation system on superannuation in Australia and the suggested alternatives for superannuation. It notes that investors' lack of control with their investments and the risk of political interference trigger investors to consider other vehicles, although superannuation is the best tax structure for savings. Advisers suggest that their clients must diverse their investments into different types of asset classes and divide their money in different tax structures.

The article focuses on the tax compliance program of the Australian Taxation Office for 2006-2007. The agency's main tax targets for 2006-2007 include best-paid executives and directors, big-earning miners, wealthy individuals, and well-known sports people. Measures in the latest federal budget will be encompassed in the compliance program. The preview of the 2006-2007 compliance program is said to be published in the journal "Business Review Weekly." INSET: How to be tax-smart, by Michael Laurence.

The article reports on the selection of the right investments for tax effective strategies in Australia. The country has been offering long-term returns than other investments. Income from shares comes in the form of dividends. Base on the dividend imputation system, tax that the company is ascribed to the shareholder. The franking credits, is also known as franking offsets or imputation credits, can reduced the tax one has to pay.

The article provides several tips no how to lessen deductions concerning year end basic tax.

The article focuses on the differences in the opinions of Australian Prime Minister John Howard and Treasurer Peter Costello on how the budget should ease the tax burden on high-income earners. This was in relation to Howard's decision to adjust the tax deal in favor of the rich people and sacrifice the low-income class. However, Costello wanted the least costly approach which is politically acceptable and tolerable. INSET: Call to action, Michael Laurence..

The article reports on the steps considered by the government of New South Wales to alleviate its condition from being a burden to the rest of Australia. The labor government has planned to raise charges such as power bills to cover the state's additional spending. It also proposed to increase the taxes of electricity distributors Energy Australia Ltd., Integral Energy and Country Energy. The government has also considered increasing its debt.

The article reports on the success of the crackdown on crooked tax agents by the Australian Taxation Office (ATO) in Australia. Sydney tax agent and accountant, Sam Cassaniti was sentenced for tax fraud after a decade-long pursuit by tax and law-enforcement authorities. Six registered tax agents were jailed for terms from 30 months to nine years in 2004-2005. Identifying more tax agents committing serious tax frauds are the ATO’s improved methods of fraud detection and electronic data matching. INSET: The Cassaniti crimes..

The article highlights the projections for the economy in Australia. Investors will have opportunities in 2006 to minimize tax on their investment income and to maximize their families' superannuation savings. Shares of stocks are likely to produce slower capital growth and will experience volatility. Investors also can expect indifferent returns from bonds.

Provides information about the development of the tax policy of Tax Commissioner Michael Carmody in Australia. Emergence of tax evasion and avoidance arrangements; Identification of property owners cheating on capital gains tax by all sizes of business and individuals; Inclusion of claiming income tax deductions for capital improvements.

Focuses on the claim that the new Pentecostal churches are changing politics, influencing business, and turning their founders into millionaires in Australia. Argument of the churches that their ballooning revenue is going back into the community; Advantage of the Pentecostals over the commercial world in terms of paying taxes; Role played by technology in helping the churches communicated with members and keep track of them. INSET: PENTECOSTALS AT A GLANCE..

Discusses the tax strategies of rich people in Australia. Relationship with the Australian Taxation Office; Tax claims for negative gearing; Strategies to minimize the effect of the top personal tax rate. INSET: THE GAME GETS TOUGHER..

Reports on the taxation aspects of salary-packaged automobiles in Australia. Reason for the popularity of automobiles in the salary packages of executives; Ways to calculate fringe benefits tax on packaged automobiles; Shift from employer-owned or leased cars to novated leases; Advantages of novated leases over conventional leases.

Focuses on the public administration of Michael Carmody, commissioner of taxation in Australia. Implementation of the auditing and compliance program undertaken by the Australian Taxation Office; Investigation on tax avoidance; Description of Carmody on taxpayer compliance.

Focuses on the plans of the Australian tax office to implement debt collection measures and its implications for small businesses. Factual background on tax reform and debt recovery initiatives; Need for companies to recognize their tax obligations; Strategies in paying debt. INSETS: SMART STRATEGIES FOR TAX DEBTORS.;Case studies..

Discusses the impact of the implementation of the goods and services tax (GST) policy on Australian taxation. Revenue generated by the GST; Factors that contributed to the fiscal strength of the country; Role of Treasurer Peter Costello in developing the country's economy; Budget surplus of the country for 2003; Implication of the rise in house prices on the nation's economy. INSET: Treasurer Peter Costello on:..

Reports on the auditing plans of the Australian Taxation Office. Implementation of tax reform; Capital gains tax minimization; Creation of Losses; Transfer pricing. INSET: Smart strategies for taxpayers..

Reports the tax avoidance raid conducted by the Australian Taxation Office (ATO), headed by Michael O'Neill. Utilization of document scanners and databases to investigate tax schemes; Tips on checking the tax regulations imposed by the ATO; Discussion on the raid conducted on theater/film productions and retirement village scheme; Work experience of O'Neill. INSETS: Avoid the tax traps;Schemes or dreams?;The enforcer.

Focuses on the disappointment of federal treasurer Peter Costello over the slowdown in tax receipts from companies in Australia. Concessions of business for a small-business assistance; Responsibility of the Treasury department for drafting tax legislation; Protection of the existing revenue base.

Focuses on issues concerning the tax system in Australia. Demand of business establishments for tax reform; Review in community consultation in tax policy and legislation; Objectives of the government for tax reform.

Discusses the tax reform issue involving the Australian Taxation Office. Charges against former first assistant tax commissioner Nick Petroulias; List of tax issues that should be included in the election campaigns; Recommended changes of the Taxation Institute of Australia to the goods and services tax legislation. INSET: LABOR IS STRANGELY QUIET.

Talks about the mass-marketed tax cases which test the commissioner of taxation's allegation that the four appellants, Jeffrey Braysich, Anthony Davidson, Fiona Howland-Rose and Michael Harvey, invested in the Budplan tax schemes with the dominant purpose of avoiding tax. Profile of Braysich as a Budplan investor; Information on cases before the Federal Court in Sydney and Melbourne; Accusations against the Australian Taxation Office, by some tax practitioners and scheme promoters.

Highlights the challenges that will be faced by the Australian Taxation Office (ATO) in 2001. Trial of former first assistant tax commissioner Nick Petroulias; Disputes over the goods and services tax; Test cases over aggressive tax schemes; Debate on the continued taxation of trusts. INSET: NOW COMES THE CRUNCH: BAS NUMBER TWO..

Reports on the disagreement between Australia-based tax experts Ray Conwell and Dick Warburton over the country's proposed Option Two tax system as of November 10, 2000. Conwell's opposition to the tax system; Warburton's reply to the assertions made by Conwell. INSETS: A BOARD OF BUSINESS, NOT TAX, EXPERTS.;OPTION 2: Q&A..

Focuses on the proposed tax reform program in Australia as of October 27, 2000. Proposal to tax trusts as companies; Goods and services tax; Implications for economic conditions in the country; Opposition to the proposed uniform taxation for trusts and companies.

Focuses on the taxation of superannuation in Australia as of August 11, 2000. Australian government's use of superannuation to raise tax revenues; Background on the Australian government's taxation policy covering superannuation; Implications for employees' use of superannuation to save for retirement. INSET: A GUIDE TO SUPER TAXES..

Reports on the reaction of the business community on the proposed tax reforms aimed at aligning business tax with accounting standards in Australia. Net income as proposed basis for business income tax; Requirement of businesses to create a new approach in the calculation of asset value; Potential impact on tax receipts.

Discusses the implementation of the goods and services tax (GST) in Australia and highlights several problems with the legislation as it stands in July of 1999. GST applying not only to goods and services but to other taxes as well; The unpreparedness for the tax blamed on the politicians and bureaucratic officials handling the implementation; Double taxes; Disappearing refunds; GST on bad debts; Insurance problems; GST and home buying; Hidden GST charges among other topics. INSETS: 10 Strategies for Business;A Revolutionary Idea.

Presents information on the health of the Australian economy as of July 1999. Treasurer Peter Costello's belief that it is a result of a transformation of the economy; How Australia weathered the Asian financial crisis in 1998 by lifting productivity; Passage of the government's tax reform; How the economy has changed since it was opened up to international competition; View of economists; Graphs offering economic indicators; Outlook for the future. INSET: Clouds on the Horizon.

Presents information on business and related topics in Australia for April 1, 1999. Week in review; Unemployed people taking part-time work and how they are taxed; Lagging schedule at the Broken Hill Proprietary (BHP) hot-briquetted iron plant at Port Hedland in the north of Western Australia; Federal government open to changes in the way superannuation surcharges are collected; Other information. INSETS: House drama put to rest, by Michael Laurence;Carr's reality test.

Profiles Gil Levy, tax adviser to Australian high income earners and wealthy investors. His work with the company Arthur Andersen; His part in devising the controversial New Zealand-based superannuation schemes; Concerns about personal tax levels for rich people; Changes in the tax industry; Efforts of Tax Commissioner Michael Carmody to launch a counter-offensive to aggressive tax planning; What executives can do to lower their tax. INSET: A Creative Deal for BHP's New Boss.

Presents information on topics in business and general interest for Australians as of October 26, 1998. The `Contemporary Aboriginal and Torres Strait Islander Photography' exhibit at the National Gallery in Canberra, Australian Capital Territory; Treasury fact sheets complied by Capital Monitor and published on the magazine's Web site; Possibility that the Queensland totalisator and betting organization TABQ will be floated; Other information. INSET: Index diversity, by Michael Laurence.

Reports on the possibilities for tax reform in the Australian government and the impact of a goods and services tax (GST). Comments from GST authority Michael Evans; Government likely to use its 1998 budget surplus to fund tax cuts; Economic modelling showing the possible impact of tax reform on different businesses as well as the general economy; How a GST works; Argument against a GST; How it impacts a variety of goods. INSETS: Small business warned on costs, by Amanda Gome;Tax reform comes under friendly fire, by Robert Skeffington;`Two-book' operators risk being caught, by Amanda Gome.

Reports on negative gearing in real estate by Australian investors and the likelihood that reforms in 1997 by the government will bar the practice. Argument from Philip Eliason of the Real Estate Institute of Australia; Negative gearing perceived as offering tax advantages to the wealthy few; Impact of the removal on the share and investments market; Comments from Berge Der Sarkissian of Ord Minnett and Robert Mellor of BIS Shrapnel; Strategies to discuss with financial planner. INSETS: Tax debate could turn and bite the..., by Robert Skeffington.;Trade-off for the welfare lobby, by Robert Skeffington..

Describes how the Australian tax office is examining how schemes to claim tax concessions on investments in foreign movies is costing the Australian government. The investigation focusing on section 51(1) of the Income Tax Assessment Act and 10BA film finance schemes; Movies which have been benefactors of these investments.

Reports on the controversy regarding the Australian Taxation Office's sending of questionnaires to Australia's richest people in an effort to recover an extra $800 million a year from the super-rich. Taxation Office's inquiry into the business affairs of rich people's relatives; Remarks of tax advisors regarding the issue. INSET: How the rich can pay less than $25,000 tax..

The article features Australian Tax Office (ATO) Commissioner Chris Jordan. It recalls that Jordan promised a closer relationship between the ATO and business and acted on calls to take a cultural shift within the organization. Jordan has warned multinational companies that the ATO will monitor and review their actions as it ensures that the companies pay their fair share of tax. Jordan aims to end the long process involved in litigation and has established a new legal area separate from audit.

The article discusses how the introduction of a tax that essentially prohibits start-ups from issuing equity to attract talent into risky ventures led founders stop using share options. It notes that the companies affected by the employee shares tax rules are the fast-growing ones which are expanding their workforce. A spokeswoman for Federal Treasurer Wayne Swan stated that the government has schemes to support small businesses like instant asset write-off and simpler depreciation arrangement.

Several statistics are presented, namely, the proposed percentage reduction of the tax offset for research and development (R&D) in Australia and the percentage of loading the hospitality industry employers want to pay their staff for working a sixth consecutive day.

This section offers business-related news briefs in Australia including the Australian Prudential Regulation Authority's claim that household savings increased 8 per cent in 2012 to September, 60 billion Euros as the estimated amount of outstanding taxes in Greece and 7.6 billion U.S. dollars as the value of wheat produced in Australia in 2011.

The article presents quotes from Australian Treasury secretary Ken Henry sharing his views on his proposed super profits tax, HSBC chairman Stephen Green arguing that companies should do more to maximize the profits of shareholders, and Rio Tinto executive director Sam Walsh defending why small miners were excluded with from government negotiations concerning resources tax.

The article presents a quote by Fortescue Metals' Andrew Forrest as he compares China with Australia concerning the mining tax being imposed by the latter.

The article reports on the impact of the delayed implementation of investment incentive on the business operations of Australian companies. It states that the delay was caused by the decision of the government to increase the bonus tax deduction to 30% which could lead to the degradation of business and vulnerability to the global financial crisis. It also cites the perspectives of businesses concerning the effect of the delayed implementation.

The article offers information on cost estimates involving various economic issues in Australia and the U.S. It highlights estimates on the average termination payout for departing chief executives of the top 100 listed companies in Australia from 2005 to 2007 as well as estimates on the highest price paid for an artwork at auction in 2007 and 2008. It also includes estimates on the cost to taxpayers of George W. Bush administration and U.S. Congress efforts to counter the economic crisis.

The article looks at the reactions of the legal and accounting professions in Australia to the proposal to extend client legal privilege to tax-advice professionals. The Australian Law Reform Commission (ALRC) proposed that an individual should not be forced to disclose a tax-advice document to a federal agency with a coercive information-gathering power. Also discussed are the duties of professional accounting advisers and confidentiality issues.

The article reports on the effects of super choices in retirement lifestyles. Knowing the amount of fund required in retirement and checking if the super investments are enough is very essential. Super contributions are given special tax treatment and making super a significant part of the overall investment strategy are very effective. Hence, it offers a comfortable retirement.