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Showing 91 - 100 of 286 results for "Income Tax"

SMSFs investing restrictions unfair: Poll

KARREN VERGARA  |  MONDAY, 16 APR 2018
Self-managed super funds have been unfairly subjected to too much red tape, according to Financial Standard's latest survey. Last week's poll reveals more than half (51%) of readers believe SMSFs bear the brunt of numerous government restrictions and ...

SMSF tool receives industry tick

HARRISON WORLEY  |  MONDAY, 9 APR 2018
... given timely updates on any new or emerging potential compliance risks stemming from superannuation regulatory and income tax arrangements. The association, which represents 1.1 million SMSF members, says it agrees with the view outlined by the ATO on ...

Labor's amended cash dividend refunds fall short: SMSFA

KARREN VERGARA  |  WEDNESDAY, 28 MAR 2018
... does not think it is fair to spend $8 billion a year on a tax loophole that mainly benefits millionaires who don't pay income tax - not when school standards are falling and hospital waiting lists are growing longer." Bowen forecasts the proposed reform ...

Shuttering dividend cash loophole to hit SMSFs

KARREN VERGARA  |  TUESDAY, 13 MAR 2018
... dividends on two levels: The tax companies pay on profits that are then distributed to shareholders who pay personal income tax on dividends. At the time Keating explicitly stated that: "[imputation] credits will not give rise to cash refunds where it ...

SMSF members want overseas restrictions lifted

DARREN SNYDER  |  TUESDAY, 16 JAN 2018
... Federal Government to lift these restrictions. Currently the definition of an Australian superannuation fund under the Income Tax Assessment Act means SMSF members who continue contributing to their fund while overseas face penalties as well as having ...

Pre-Christmas delivery

BENJAMIN ONG  |  THURSDAY, 21 DEC 2017
... (Donald Trump) The US Congress passed the long-awaited US$1.5 trillion tax reform package that will cut the US corporate income tax rate from 35% to 21% and the personal income tax rate from 39.6% to 37%... five days before Christmas. Love him or treat ...

Ho ho hum MYEFO

BENJAMIN ONG  |  TUESDAY, 19 DEC 2017
What a difference seven months made. More specifically the time Budget 2017-18 was released last May to the Mid-Year Economic and Fiscal Outlook (MYEFO) released yesterday. The difference is A$5.8 billion. This is the improvement in the country's budget ...

The Fed's aware of building imbalances

BENJAMIN ONG  |  TUESDAY, 28 NOV 2017
Watching Wall Street break one record high after another make it very tempting to join the herd or raise allocation of US equities in portfolios. There's the fear of missing out (FOMO) and then there's the shorts that, time and again in the current ...

Morrison backs customer-owned banking reforms

KARREN VERGARA  |  FRIDAY, 10 NOV 2017
... include a proper definition of 'mutual company' to deliver greater certainty for the sector, as well as changing the income tax legislation to assist mutual enterprises raise capital. KPMG Australia financial risk management partner Michael Cunningham ...

Foreign trust disclosures overhauled in NZ

DARREN SNYDER  |  WEDNESDAY, 24 MAY 2017
... generating foreign income in New Zealand will now face significant disclosure requirements but still won't have any NZ income tax obligations. Christchurch-based Mackay Bailey director Michael Woodward said the new disclosure requirements were driven ...