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Showing 131 - 140 of 299 results for "Taxpayers"

Hockey slams Labor super tax proposal

ALEX BURKE  |  THURSDAY, 23 APR 2015
... the reality that tax concessions on earnings for retirees are growing at more than twice the rate of the age pension." Taxpayers Australia head of superannuation Reece Agland concurred, saying that "while tax free retirement income is a great facet of ...

Policies can adjust super tax concessions: ASFA

DARREN SNYDER  |  WEDNESDAY, 1 APR 2015
... superannuation savings that will enable them to achieve a fairly high standard of living, it's appropriate to question whether taxpayers should fund incentives to build wealth beyond this," she said. The comments came in response to the release of the ...

Don't take our franking credits: Taxpayers Australia

DARREN SNYDER  |  WEDNESDAY, 1 APR 2015
... overseas investors over local retirees who rely on dividend income and the reduced tax from franking credits, according to Taxpayers Australia. TAL head of superannuation and Taxpayers Australia superannuation products & services manager, Reece Agland ...

Punitive excess contributions tax removed

MARK SMITH  |  MONDAY, 9 MAR 2015
... No.7) Bill will make the "taxation of excess after-tax superannuation contributions fairer". Under the former regime, taxpayers could pay up to 94% on excess non-concessional contributions. The new legislation allows superannuation fund members to withdraw ...

ECT reforms pass Senate

STAFF WRITER  |  THURSDAY, 5 MAR 2015
... superannuation excess contribution tax (ECT), implementing the final piece of legislation to reform the unpopular tax, says Taxpayers Australia Limited. "The rationale for ECT made sense at the time, but it went too far by imposing a very punitive rate ...

ATO recovers $30 million from HSBC accounts

ALEX BURKE  |  TUESDAY, 10 FEB 2015
The ATO has recovered over $30 million in tax liabilities from HSBC accounts held by Australian taxpayers. After the International Consortium of Investigative Journalists (ICIJ) published a report on Monday detailing how HSBC's Swiss banking arm assisted ...

Push to end US Congressional pensions

ALEX DUNNIN  |  FRIDAY, 6 FEB 2015
... can Congress make private-sector employees pony up taxes to fund pensions for members of Congress when few of these taxpayers enjoy such benefits?" he added. Thomas Massey, a Kentucky congressman from Kentucky, one of the bill's co-sponsors, said: "If ...

Super tax subs worth $30bn in 2014

ALEX DUNNIN  |  TUESDAY, 3 FEB 2015
... cases. In practice, the revenue gain can be difficult to estimate as there is usually little, if any, information on how taxpayers might react to the removal of a tax expenditure." The superannuation industry has in the past rejected these taxation subsidy ...

Taxpayers Australia supports Board of Tax recommendation

ALEX BURKE  |  FRIDAY, 23 JAN 2015
Taxpayers Australia has announced its support for the Board of Tax recommendation to redefine the small business turnover threshold from $2 million to $3 million to keep pace with inflation. "Relief to small business is necessary as they do not have ...

SPAA "disappointed" by the FSI's SMSF borrowing recommendations

ALICE URIBE  |  MONDAY, 8 DEC 2014
... the superannuation system has delivered to individuals, the financial system and the economy, and limit the risks to taxpayers." In February then Assistant Treasurer Arthur Sinodinos ruled out a full review into limited recourse borrowing arrangements ...