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Showing 101 - 110 of 323 results for "Taxpayers"

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 ...

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... when the Rudd Labor Government was elected in 2007. Australia's Federal Budget is still 46% reliant on individual taxpayers, which is more than double the 20% reliance on company taxes; 8% reliance on excise; and 7% reliance on asset sales, interest ...

In a nutshell: Federal Budget 2019

JAMIE WILLIAMSON  |  TUESDAY, 2 APR 2019
... lowered to 30% from 1 July 2024, Frydenberg said. This covers those earning between $45,000 and $200,000, meaning 94% of taxpayers will benefit. "Under the Morrison Government, tax as a share of the economy will not rise above the 23.9 per cent cap," ...

Industry Super Holdings slammed for weapons investment

KARREN VERGARA  |  WEDNESDAY, 27 MAR 2019
... said, adding that this year marks the anniversary of the war. EOS is backed by $30 million in subsidies from Australian taxpayers and has signed over $400 million in deals to "supply high-tech killing machines" to Saudi Arabia and the United Arab Emirates ...

Negative gearing reforms not a panacea: Poll

KARREN VERGARA  |  MONDAY, 18 MAR 2019
... Investments made before the changes take place are not affected and will be grandfathered, it said. "This will mean that taxpayers will continue to be able to deduct net rental losses against their wage income, providing the losses come from newly constructed ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... believes the Federal Budget on April 2 will have further goodies for voters in the run-up to the election and Australian taxpayers are unlikely to face a rise in taxes. "After all, the increase to the Medicare Levy was axed last year," he said.

Grattan says Aussies retiring comfortably, ISA responds

KANIKA SOOD  |  WEDNESDAY, 7 NOV 2018
... an "unprecedented attack". He slammed Grattan's call to shelve the 12% SG, saying it would put pressure on future taxpayers. Fahy also said the Grattan analysis sets an extremely low bar for adequacy, seeing the Henderson poverty line as relatively ...

Chief economist update: If you can't beat Trump, copy Trump

BENJAMIN ONG  |  TUESDAY, 23 OCT 2018
... patient above 15,000 yuan could be deducted, with an annual cap of 60,000 yuan. On interest for loan for first home by the taxpayers or their spouses, a monthly deduction of 1000 yuan will be allowed. For housing rent, the deduction will vary from cities ...