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Showing 91 - 100 of 157 results for "Tax System"

Raising Preservation Age could be problematic

DARREN SNYDER  |  WEDNESDAY, 8 JUL 2015
... benefits to their retirement savings by working up to the age of 65. FSC chief executive, Sally Loane, said Australia's tax system will not be able to support future generations if they continue to retire at 60. The Productivity Commission's research ...

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
... nation has a higher reliance on consumption taxes. Bragg said as Australia reorients its focus to services exports, "our tax system will need to promote Australia's competitiveness." "Unlike mining and resources competitor nations, our competitors in ...

Graccident averted (yet again)

BENJAMIN ONG  |  TUESDAY, 23 JUN 2015
... offered to raise the retirement age gradually to 67 and curb early retirement. It also offered to reform the value-added-tax system to set the main rate at 23%. And it promised additional taxes on business and the wealthy." Markets are happy because ...

Tax reform cannot be deferred any longer: AVCAL

DARREN SNYDER  |  TUESDAY, 2 JUN 2015
Improving Australia's tax system will allow greater access for equity capital investment in to local businesses and boost the entrepreneurial potential of the economy according to Australian Private Equity & Venture Capital Association Limited (AVCAL). ...

Morrison protects homes from Age Pension means test

DARREN SNYDER  |  THURSDAY, 7 MAY 2015
... they will become fully self-funded retirees." Morrison said it means the government must retain the incentives in the tax system for superannuation. "The government doesn't support Labor's proposal to tax superannuants more on the income they have generated ...

Hockey sounds tax alarm bells

ALEX BURKE  |  THURSDAY, 9 APR 2015
... Joe Hockey has restated the dangers of an outdated taxation system. In a statement, he noted that Australia's current tax system was "built before the 1950s, before black-and-white televisions first appeared in Australian lounge rooms." He argued that ...

Treasury invites submissions to draft MIT tax changes

MARK SMITH  |  THURSDAY, 9 APR 2015
Treasury is inviting submissions on proposed changes to the tax system for managed investment trusts, which are aimed at improving the international competitiveness of Australian managed funds. The exposure draft legislation has been developed in close ...

Industry bodies respond to Hockey's tax debate

ALEX BURKE  |  MONDAY, 30 MAR 2015
... economy, is more than willing to help formulate policy and advocate for this important next tranche of reform of our tax system." While broadly supportive of existing concessional tax treatments for superannuation - as it is "compulsory and cannot be ...

Treasury opens discussion on tax reform

ALEX BURKE  |  MONDAY, 30 MAR 2015
... Treasurer Joe Hockey has issued the Tax Discussion Paper, raising fundamental questions about the future of Australia's tax system. The paper will open a debate until the 2016 election and will ideally inform the tax policy ideas the Government will ...

Super is working but can be improved: Ripoll

MARK SMITH  |  FRIDAY, 20 FEB 2015
... outlays because individual superannuation savings. At the same time, he added, Treasury estimates that the cost to the tax system and ultimately to the tax-payer of concessions is around $30 billion. However, he did target areas for improvement such ...