Why Is My Tax Return So Small?

The tax refund many Australians expect has dramatically reduced. We show you why. 

There is a psychology to tax refunds that successive Governments have been reticent to tamper with. 

As a nation, Australia relies heavily on personal and corporate income tax, with personal income tax including taxes on capital gains representing 40% of revenue compared to the OECD average of 24%. And, for the amount we pay, we expect a reward. 

This months Newsletter breaks down the changes in Tax for most Australians and its implications for your Tax Refunds and future Tax Planning.