Tag: tax break

Australian Government Encourages Small Businesses to Go Electric with $314 Million Tax Break

May 1, 2023
AustraliaJim ChalmersKaty Gallaghertax breakWorld
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The Australian government has introduced a $314 million (US$208 million) package to encourage small and medium-sized enterprises to electrify their businesses. The government said the Small Business Energy Incentive scheme, which will be featured in the May 9 federal budget, would help Australian businesses “save energy and save on their energy bills.” Up to 3.8…

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‘No Election Promise Broken’: PM Defends Super Change

February 28, 2023
Angus Tayloranthony albaneseAustraliatax breakWorld
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Australian Prime Minister Anthony Albanese has refuted the idea that the Labor government broke an election promise after announcing changes to the superannuation concession tax on Feb. 28. This comes after Albanese said during the 2022 federal election campaign that the Labor party would not make any major change to the super tax break if it…

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Family Finances: Use Tax Breaks to Lower College Costs

September 27, 2022
BrightbudgetingdeductionsFuture Planningincome taxespersonal financetaxtax breaktax-freetuitionWealth Management
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By Sandra Block From Kiplinger’s Personal Finance It’s often said that buying a house is the largest investment most of us will ever make. But if you have a couple of children, the cost of sending them to a four-year college could exceed even that big-ticket item. Three kids—or at least one with Ivy League…

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A Tax Gift to the Rich Divides Democrats

November 26, 2021
Business & EconomyBusiness ColumnistsDemocratsOpinionSALT Captax breakViewpoints
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Commentary President Joe Biden repeatedly said he would raise taxes only on the rich to pay for his Build Back Better plan, but now he’s backing a tax break for millionaires and billionaires, contradicting his past promises. While the White House calls it a “compromise” to move the president’s agenda forward, this is a big…

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