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Showing 111 - 120 of 157 results for "Tax System"

Broken 'contribs law' needs fixing: SPAA

BEN COLLINS  |  THURSDAY, 14 FEB 2013
... decision that affirmed the Commissioner's decision to impose a 93% tax rate on an excess concessional contribution. "A tax system that applies a 93% tax on individuals, who, in the main have made an innocent mistake, is not a system that could be considered ...

Politicians move 'super' goal posts at their peril

MARK SMITH  |  TUESDAY, 12 FEB 2013
... come into play. "All in all, it is difficult to see any Government making substantial changes to the superannuation tax system although we can expect to see changes around edges," he said. Some of the small changes he forecasts are removing the little-used ...

Super tax concessions not overly generous: Mercer

BEN COLLINS  |  MONDAY, 11 FEB 2013
Against the backdrop of intense political debate, Mercer has released research which it states proves Australians do not receive unfair tax advantages through superannuation. Today Mercer said that its research "defused" the hotly debated idea that ...

New after-tax system for Qantas Super

BEN COLLINS  |  TUESDAY, 27 NOV 2012
Qantas Super will change how it manages equities with an after-tax reporting system for managers developed with Seattle-based firm Parametric. Chief investment officer Andrew Spence said the new system was the latest step in a range of solutions aimed ...

Shorten defends low-income super contribution

MELANIE TIMBRELL  |  FRIDAY, 14 SEP 2012
Amid speculation that some parts of the super tax system may be called on to fund recent health and education projects, Minister for Financial Services Bill Shorten has declared the rebate for low-income earners safe. The Labor scheme, announced in ...

Greens propose scaled super contribs tax

ALEX DUNNIN  |  WEDNESDAY, 12 SEP 2012
... more than $10 billion over four years. "With a sensible approach to superannuation tax concessions, we can make the tax system fairer and help people who are less well-off to save for retirement," said Senator Milne. Rainmaker estimates that superannuation ...

Trust tax reform can be split

MELANIE TIMBRELL  |  TUESDAY, 31 JUL 2012
... same time as the modernisation of the taxation of trust income reforms. "The Government has decided to develop the new tax system for MITs alongside the reforms to Division 6 [Income Tax Assessment Act 1936]," Bradbury said. "It makes sense to progress ...

Speculation grows on super tax breaks

ALEX DUNNIN  |  FRIDAY, 20 APR 2012
... Asia not Europe or the US and shifting our comparisons will, in coming decades, have fundamental implications for our tax system. As if to test Hockey's policy resolve, major media outlets are today running stories that detail how the government is considering ...

Budget tightening to hit IMR

MELANIE TIMBRELL  |  WEDNESDAY, 11 APR 2012
... "One of the tricky things in working through those recommendations is that, at least insofar as they relate to the tax system, they will typically involve some sort of tax expenditure, some sort of concession and some sort of reduction in the business ...

Tax forum tackles wealth management issues

ELISE BURGESS  |  FRIDAY, 7 OCT 2011
... Financial Services and Superannuation, Bill Shorten, also spoke at the forum about the unnecessary complexity of the tax system but also its strengths, with Australia having the ninth lowest tax regime in the OECD when it comes to total taxes and a net ...