The Government has embarked on a path to abolish building depreciation on virtually every building type and could hit depreciation claims on commercial building fit-outs in future, says Bayleys Valuations director John Freeman.

The five former directors of Feltex Carpets are blaming their accountants for irregularities in financial statements.

Jane Diplock's Securities Commission has not covered itself in glory, yet she appears to be campaigning for a role in running the new Super regulator.

There was little impact on consumers the last time GST was increased by 2.5 per cent, say tax commentators.

More secondary school and university students should consider accounting and finance as a career, says a recruitment specialist.

Reducing top personal tax rates and having a competitive tax rate with Australia are among the Tax Working Group's recommendations.