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Matt Canavan is keen on income splitting. Here’s what it would mean for couples

  • Written by: Donovan Castelyn, Senior Industry Fellow - Taxation and Director of the UTAS Tax Clinic, University of Tasmania

Newly elected Nationals leader Matt Canavan has proposed allowing couples with dependent children to split their income for tax purposes.

In simple terms, the total income of a couple could be divided between both parents before calculating tax. Similar structures already exist internationally, such as in France and Germany.

Supporters say the...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

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The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

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For Midsize Companies, Global Payroll Systems Matter More to Business-Security Than You Think

When a midsize company expands across borders, its payroll operation becomes exponentially more complex. These organisations typically face a new ...