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The Latest Breaking News from ATO

Does Australia Tax Lottery? An Analysis of the Receivables and Tax Treatment

I have some good news for all the Australians who like to play the lottery. If you are lucky enough to win big in Australia, then you get to keep all of your winnings. There is no tax on lotteries in Australia.

inkl

Misleading fear campaigns may kill Labor’s superannuation changes. But here are the real numbers

Increasing the tax rate on superannuation balances above $3m would affect less than 1% of the population – and yet it is still unlikely to pass

The Guardian - AU

Atmos Energy's Q1 2025 Earnings: What to Expect

Atmos Energy plans to release its first-quarter earnings next month, and analysts forecast a modest single-digit increase in profits.

Barchart

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Is Atmos Energy Stock Underperforming the S&P 500?

Atmos Energy has underperformed the broader S&P 500 over the past three months, and analysts remain cautiously optimistic about the stock's growth potential.

Barchart

Construction boss jailed over 'rape and pillage' fraud

Five people have been jailed after a marathon fraud trial probing the dealings of a crooked labour-hire operator and a scheme to rip off the tax office.

AAP

Atmos Energy Stock Outlook: Is Wall Street Bullish or Bearish?

Although Atmos Energy has outperformed relative to the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the stock’s prospects.

Barchart

You Might Have Some Cashola Taken Off Your HECS Debt Thanks To New Legislation Changes

A huge win for anyone with HECS debt!

Pedestrian.tv

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A Centrelink error put Alannah in danger from her abusive partner. Now there’s a push for federal platforms to better protect women

MyGov, ATO and Centrelink systems enable perpetrators to financially abuse survivors long after they leave violent relationships, campaigners say

The Guardian - AU

Man thrown lifeline backs whistleblower in court battle

A former tax official who blew the lid on heavy-handed debt recovery tactics has suffered a major legal blow in his fight for whistleblower protection.

AAP

Employers shortchanged Australian workers a record amount of super last year, tax office says

The dollar figure of superannuation that went unpaid after recovery efforts rose to $5.2bn from $4.8bn in 2022-23

The Guardian - AU

31% of companies are not paying tax in Australia. How do they do it?

Large companies paid the Australian government a record A$100 billion in tax in the last year, a 17% increase on the previous year. But, over the same period, there were still 31% of large companies, operating here but not paying any tax.

The Conversation

Mineral Resources boss Chris Ellison to step down after board finds he used company resources for personal benefit

Billionaire mining CEO fined $8.8m amid investigation, which follows accusations he failed to disclose revenue generated by overseas entities to tax authorities

The Guardian - AU

Broken system lets big business off tax hook: institute

Major corporations that pay no company income tax are taking advantage of a broken system that needs government intervention, a think tank says.

AAP

Qantas, Virgin, Netflix and Canva among 1,200 major companies that paid no income tax in Australia in 2022-23

ATO finds 31% of large businesses reported nil tax paid as many companies deducted losses and used offsets to dial their bills down to zero

The Guardian - AU

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AAP

Miners dominate company tax list as others pay zero

A corporate income tax haul of almost $100 billion is being hailed as a "great result" but almost a third of major Australian companies avoided a tax bill.

Barchart

Atmos Energy Earnings Preview: What to Expect

Atmos Energy will release its fourth-quarter earnings next month, and analysts anticipate a single-digit bottom-line growth.

Barchart

These Dividend Aristocrats Could Be a Slam Dunk in 2025

These companies offer stability and a history of dividend growth. Are they right for you?

The Guardian - AU

Morning Mail: elder says Thorpe lacked respect, Musk’s $1m voter ploy, Safran on squatting in Kanye West’s mansion

Aunty Violet Sheridan says the Victorian senator ‘does not speak for my people’

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The Guardian - AU

Billionaire mining boss says it was ‘regrettable’ he didn’t disclose overseas revenue to ATO

Mineral Resources shares fell more than 10% after comments by founder Chris Ellison following AFR tax investigation

The Canberra Times

The APS offices falling behind in the race for net zero

The ATO's building will be below energy targets when it opens.

Barchart

Top 3 Reliable Utility Stocks for Stable Long-Term Growth

Looking for income and long-term growth? These three utilities might be the way to go.

Barchart

3 Defensive Dividend Aristocrats to Protect and Dominate in 2024

Discover three top defensive dividend stocks to boost your portfolio's resilience and earn consistent returns!

Barchart

How Is Atmos Energy’s Stock Performance Compared to Other Utilities Stocks?

Atmos Energy has underperformed the utility sector peers over the past year, but analysts are moderately optimistic about the stock’s prospects.

The Conversation

More Australians are using their superannuation for medical procedures. But that might put their financial health at risk

A record number of Australians are accessing their superannuation early on compassionate grounds, mainly to fund their own medical procedures – or those of a family member.

Pedestrian.tv

I Just Found Out How Much Super You Need To Retire And Suddenly Death Sounds Really Good

The Association of Super Funds of Australia has revealed exactly how much you need to retire comfortably in 2024.

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