The Latest Breaking News from Income Tax

As the election starter’s gun is about to be fired, Tuesday’s budget announced modest income tax cuts as the government’s latest cost-of-living measure. The Coalition has opposed the tax relief, with Peter Dutton’s Thursday budget reply to put forward his policy counters on the cost of living.

Treasurer Jim Chalmers has described the income tax cuts in this week’s federal budget as a “top-up”. They will amount to roughly one cup of coffee a week for every taxpayer in the first year.

The constant push to cut income taxes in South Carolina has accelerated significantly

The bill for the two regions has jumped above £108 billion a year

Government plans for tax cuts may have to be postponed due to the threat of a global trade war, the finance minister has said.

The halcyon days of back-to-back surpluses are over but you can expect more energy rebates and perhaps some surprise announcements

If you're a HENRY (a higher earner, not rich yet) but feel like you still live paycheck to paycheck, there are steps you can take to get control of your financial future.

There have long been calls for New Zealand’s charity-linked businesses to lose their tax exemption status. Under the current rules, companies such as Sanitarium, which is wholly owned by the Seventh-day Adventist church pay no income tax.

Tory leader Kemi Badenoch challenged the PM on tax ahead of next week’s Spring Statement

In the autumn budget, Rachel Reeves decided not to extend the freeze on the thresholds at which people start to pay different rates of income tax.

While the 'Big Beautiful Bill' spearheads federal talk on tips, several key states are considering ending taxes on tip income.