Rupert Murdoch's media empire in the US has siphoned off $4.5 billion of cash and shares from his Australian media businesses in the past two years, virtually tax free.

Rupert Murdoch's media empire in the US has siphoned off $4.5 billion of cash and shares from his Australian media businesses in the past two years, virtually tax free.

The final three years of Malcolm Turnbull’s 10-year company tax plan could cost the budget almost $40bn and the total revenue forgone over the decade could exceed $60bn, according to Parliamentary Budget Office costings of similar plans revealed by Labor.

Company tax cut could cost budget $40bn over 10 years, costings show

The final three years of Malcolm Turnbull’s 10-year company tax plan could cost the budget almost $40bn and the total revenue forgone over the decade could exceed $60bn, according to Parliamentary Budget Office costings of similar plans revealed by Labor.

Abbott's first intervention was a speech to the party room challenging Turnbull and Scott Morrison to fund tax cuts through spending cuts, not by increasing other taxes. This was fine in theory but even some of those close to him thought it disingenuous because Abbott, as prime minister, had presided over $20 billion in tax hikes, including the deficit levy and the reindexation of fuel excise – to fund his tax cuts to small business and the abolition of the carbon tax.

Abbott's first intervention was a speech to the party room challenging Turnbull and Scott Morrison to fund tax cuts through spending cuts, not by increasing other taxes. This was fine in theory but even some of those close to him thought it disingenuous because Abbott, as prime minister, had presided over $20 billion in tax hikes, including the deficit levy and the reindexation of fuel excise – to fund his tax cuts to small business and the abolition of the carbon tax.

Paul Keating says raising the GST would be "fiscal folly" that would only feed the bad spending habits of politicians.

Paul Keating says raising the GST would be "fiscal folly" that would only feed the bad spending habits of politicians.

They are some of the country’s biggest corporate tax avoiders. Now their directors make up the board advising the government on innovation incentives.

They are some of the country’s biggest corporate tax avoiders. Now their directors make up the board advising the government on innovation incentives.

The rich people who pay no tax  MIKE SECCOMBE Lost in the tax debate are the billions hidden in the cash economy, and the complex systems concealing the incomes of the very rich.

The rich people who pay no tax MIKE SECCOMBE Lost in the tax debate are the billions hidden in the cash economy, and the complex systems concealing the incomes of the very rich.

Soda taxes can work, according to a new study. We've just been proposing the wrong type.  A new study published in the American Journal of Agricultural Economics finds that taxing soda by volume or

Soda Taxes Can Work. Here's How.

Soda taxes can work, according to a new study. We've just been proposing the wrong type. A new study published in the American Journal of Agricultural Economics finds that taxing soda by volume or

CSIRO boss’s failed logic over climate science could waste billions in taxes

CSIRO boss’s failed logic over climate science could waste billions in taxes

Increasing the GST is a major change, but the government is struggling to articulate exactly why it needs to

Scott Morrison needs more than slogans to sell GST increase to sceptical voters

Increasing the GST is a major change, but the government is struggling to articulate exactly why it needs to

Turnbull's tax plan will deliver multi-billion-dollar 'gift' to US Treasury, research shows - ABC News (Australian Broadcasting Corporation)

Turnbull's tax plan will deliver multi-billion-dollar 'gift' to US Treasury, research shows - ABC News (Australian Broadcasting Corporation)

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