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Showing 91 - 100 of 320 results for "Taxpayers"

Super tax concessions out of hand

HARRISON WORLEY  |  MONDAY, 24 FEB 2020
... concessions designed to reduce the budget cost of the aged pension have themselves grown rapidly and look to soon cost taxpayers more than the aged pension itself." Grudnoff added such high rates of poverty in retirement are in part because so much of ...

AustralianSuper SG modelling paints dismal picture

KANIKA SOOD  |  TUESDAY, 18 FEB 2020
... on the government age pension in retirement if not compelled to save in a mandatory system. A heavy burden on future taxpayers in an ageing population scenario," it said. The results were published as a part of AustralianSuper's submission to the ...

Industry butt heads over super guarantee

ALLY SELBY  |  THURSDAY, 13 FEB 2020
... sufficient total income for their needs, let alone any savings for retirement. The Institute argues the country's taxpayers will be forced to carry the added costs. "As a growing part of the workforce, if the gig economy workers do not participate ...

Google to pay ATO $481.5m

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... was a "great outcome". "It adds to the significant success of the ATO in positively changing the behaviour of digital taxpayers and significantly increasing the tax they pay in Australia," he said. "The extension of the taskforce until 2023 will ensure ...

Liberal win stuns, ASX rallies: Poll

KARREN VERGARA  |  WEDNESDAY, 29 MAY 2019
... relaxed about their superannuation after the election. "The best news is that franking credit refunds will continue to all taxpayers and we expect to see a reintroduction of legislation that was before parliament but lapsed when the election was called ...

Advisers forgo charitable conversations: Poll

KARREN VERGARA  |  THURSDAY, 16 MAY 2019
... of charities. About with 14% of participants claim they "outright distrust" charities. About one-third of Australian taxpayers make a donation to charity and claim a deduction. But this has declined by 7.2% from $3.1 billion to $2.9 billion, the research ...

Labor proposal targets low income earners: Association

ELIZABETH MCARTHUR  |  WEDNESDAY, 15 MAY 2019
... this figure. Grattan Institute research from April this year said the average wage for all workers is $67,243, for all taxpayers that number drops to $58,528. The Grattan Institute said the average Australian taxpayer makes just $43,574. The median annual ...

ATO demands crypto data

ELIZABETH MCARTHUR  |  TUESDAY, 30 APR 2019
... accounts, linked bank accounts and total account balance. The ATO said the purpose of the data matching program is to ensure taxpayers are correctly meeting their tax and superannuation obligations - particularly in relation to cryptocurrency transactions. ...

Super tax strategies a hot topic

ELIZABETH MCARTHUR  |  WEDNESDAY, 24 APR 2019
... employees to claim a tax deduction for voluntary personal super contributions." He explained that under the current rules taxpayers can make extra super contributions up to the concessional contributions cap of $25 000 each financial year - and claim ...

Inquiry denounces franking credit ban

HARRISON WORLEY  |  FRIDAY, 5 APR 2019
... in retirement onto the Age Pension. This undermines any objective that it may raise revenue and reduce dependence on taxpayers resulting from an ageing population." The final report also recommended any policy which could reduce retiree income by up ...