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Josh Frydenberg’s budget relies on tax cuts and business incentives, but rests on some optimistic assumptions. Follow all the reaction and coronavirus newsBudget 2020: Coalition banks on $98bn injection to jolt Australia’s economy back to lifeFederal budget summary: all the key points at a glance 11.31pm BST As we look at who has lost out in this budget - mostly workers over 35 and...

Let us give thanks the government has brought forward its stage 2 tax cuts – but not stage 3Australia federal budget 2020: Australian government budget announcement – live updatesSo everyone is getting a tax cut! But just how fair are they? Continue reading...

Josh Frydenberg prepares to deliver a budget delayed and utterly derailed by the Covid-19 pandemic. Follow all today’s news right through to the aftermath of the treasurer’s speech 9.19pm BST Good morning,It’s federal budget day. This is, according to most commentators, the most significant budget in decades. Australia is in the grip of its first recession in 29 years, and the coronavirus and related...

Change in law forced by Covid-19 backdated to 31 January to ensure last wishes are fulfilled Coronavirus – latest updatesSee all our coronavirus coverageVideo witnessing of wills is to be made legal in England and Wales to make it easier for people to record their final wishes during the coronavirus pandemic.Existing law requires a will to be made “in the presence of” at least...

Exclusion of casuals with less than 12 months’ service to be raised in talks on Coalition’s coronavirus measures after concerns voiced Follow the Australia coronavirus blog for live news and updatesSign up for Coronavirus: Australia at a glance, our daily email newsletterCoronavirus Australia maps and cases: live numbers and statisticsAustralia’s peak retail body will raise casuals’ eligibility for the new jobkeeper payment with the...

Those who stressed and sacrificed repaying Centrelink debts they could not disprove under a scandal-hit scheme are yet to be offered refunds Over Christmas, Andrea Godwin’s fridge broke down. It was the worst timing for a working mother of two young boys, let alone someone who also relies on Centrelink to get by.At times like these Godwin would usually request an advance on her...

Channel island politicians back proposal that married women should have equal tax rightsAn “archaic” tax law on the island of Jersey in effect deeming that a wife’s income belongs to her husband is being scrapped.Politicians on the Channel island have backed a proposal that married women should have the same income tax rights – and responsibilities – as their husbands. Continue reading...

Currently, married woman can only discuss her taxes with government if spouse says soIf you’re a married woman in Jersey and you want to discuss your tax affairs with the government, better ask your husband’s permission first.No, this is not an excerpt from a 1950s guide to managing finances but the current reality on the self-governing island. But this could finally be about to...

PM’s apparent blunder over £12,500 threshold could benefit him amid ‘factchecking’ rowBoris Johnson has said he wants to raise the national insurance threshold to £12,500, letting slip a major Tory tax cut from the manifesto as he was speaking to workers in Teesside.The prime minister blurted out the key announcement as he was pressed by an employee at a fabrication yard about whether he...

Wealthy see potential taxes imposed by Jeremy Corbyn as bigger threat than BrexitThe super-rich are preparing to immediately leave the UK if Jeremy Corbyn becomes prime minister, fearing they will lose billions of pounds if the Labour leader does “go after” the wealthy elite with new taxes, possible capital controls and a clampdown on private schools.Lawyers and accountants for the UK’s richest families said...