Weekend Times


Google Workspace

Business News

Yes, there are millionaires who pay no tax, but crimping deductions mightn't help

  • Written by Ann Kayis-Kumar, Senior Lecturer and Tax Clinic Director, School of Taxation & Business Law, UNSW
Yes, there are millionaires who pay no tax, but crimping deductions mightn't helpFiona Smallwood/Unsplash, CC BY-SA

For some people tax time will result in no tax paid this year, and if past years are anything to go by, about 50 of them will be millionaires.

Not mere millionaires, but millionaires earning more than A$1 million per year.

For some of these 50 or so very high earners, managing tax will be expensive. The two dozen or...

Read more: Yes, there are millionaires who pay no tax, but crimping deductions mightn't help

The Weekend Times Magazine

5 Top-Rated Tourist Attractions in Australia

Australia is an interesting country that has a spectacular beauty in the form of ancient rainforests, vibrant cities, sand islands, and turquoise beaches. Moreover, the people there are friendly and...

The Importance of Quality Paint Protection for Brisbane Drivers

Shielding Your Vehicle with the Right Protection Every car owner appreciates that fresh showroom finish—the gleam of the paintwork, the smoothness of brand new panels. But once you drive out of...

Could You Furnish and Equip a Whole House with IKEA Products?

IKEA has long been known as the global giant of affordable, ready-to-assemble furniture. From minimalist Scandinavian sofas to clever kitchen gadgets, the Swedish retailer has built its reputation on making...

Creating Dream Backyards with Professional Pool Builders Sydney

In a city like Sydney, where outdoor living is central to daily life, having a well-designed pool can transform a property into a private retreat. This is why homeowners turn...

Let's talk about nits!

My daughter struggled with nits for 8 years until I found this miracle cure Nits. The one-word granted to strike fear into mums everywhere … and have them immediately scratching their...

Buy Tyres Online: A Smarter Way to Choose Performance and Value

The way people shop for automotive essentials has changed significantly, and tyres are no exception. Today, many drivers prefer to buy tyres online because it offers convenience, a wider choice, and...

All the Things You Need to Know Before Flying to Cairns

Cairns is the gateway to Queensland, offering a tropical climate and a relaxing atmosphere, making it an ideal destination for outdoor activities. The city has iconic destinations, charming cafes, lively...

The Importance of Commercial Fencing: Enhancing Security and Aesthetics

In the world of business, the first impression often sets the tone for what’s to come. When it comes to properties, one of the first things people notice is the...

Defacto Partner Visa Help from Best Immigration Lawyer AU

When two people decide to share their lives together, the legal paperwork shouldn’t get in the way. But if your relationship involves immigration, it often does. Australia’s partner visa process...