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The Latest Breaking News from ATO

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

From analysis to the latest developments in health,
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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

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.

AAP

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

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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?

Barchart

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’

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 Guardian - AU

The APS offices falling behind in the race for net zero

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

The Canberra Times

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.

Barchart

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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.

AAP

Construction boss guilty of $10m fraud in marathon case

A Sydney construction boss and four others have been found guilty of a conspiracy to defraud the tax office of more than $10 million over two years.

Barchart

Are Wall Street Analysts Predicting Atmos Energy Stock Will Climb or Sink?

As Atmos Energy underperformed the broader market over the past year, Wall Street analysts remain cautiously optimistic about the stock’s prospects.

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AAP

Developer forced to repay $11m 'washed' in tax fraud

The liquidators of Plutus Payroll will recoup over $11 million sent to a blackmailer threatening to expose what is now known as Australia's biggest tax fraud.

The Conversation

It’s tax time and scammers are targeting your myGov account. Here’s how to stay safe

For many, tax time is an exciting part of the year – there’s the potential for a refund. However, it’s also an attractive time for fraudsters looking for ways to get money and deceive unsuspecting victims.

The Guardian - AU

Scammers are targeting myGov accounts during tax time. How can users protect their ATO refunds?

Criminals change phone and email details to prevent users from receiving myGov notifications – before altering tax returns and bank account details

TechRadar

Mitigating the growing threats of account takeover attacks in 2024

60% of security leaders in the UK now rank ATOs among their top four concerns.

Barchart

What You Need to Know Ahead of Atmos Energy's Earnings Release

Atmos Energy is expected to release its fiscal third-quarter earnings next month, and analysts project a double-digit profit increase.

The Guardian - AU

Afternoon Update: robotax ‘bugs’ revealed; toxic smoke warning after Melbourne fire; and 16 insects approved for human consumption

Internal tax office reports and correspondence show more than 600 accounts affected by failings in ATO systems

The Canberra Times

ATO stepping up AI capabilities to be 'leader' by 2030

Two parliamentary committees are examining the roll-out of AI.

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