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Showing 151 - 160 of 323 results for "Taxpayers"

Rice Warner debunks super myths

DARREN SNYDER  |  FRIDAY, 12 JUN 2015
... removal of tax concessions on superannuation would allow the government to slash personal tax rates anyway.A Further, taxpayers would simply seek other ways of minimising their tax, possibly through negative gearing of property or shares," Rice said. ...

Superannuation tax concessions unsustainable: Bowen

DARREN SNYDER  |  FRIDAY, 15 MAY 2015
... additional $14 billion through tightening "unsustainably generous superannuation tax concessions subsidised by Australian taxpayers to those who already have millions of dollars in their accounts." The opposition's policy has two key elements - to tax ...

Hockey launches Serious Financial Crime Taskforce

LAURA MILLAN  |  TUESDAY, 5 MAY 2015
... members of the community who, without the Taskforce, may be victims of financial crime. "It will also help ensure all taxpayers pay their fair share of tax," Hockey added. The Australian Institute of Superannuation Trustees (AIST) welcomed the Treasurer's ...

New law to add clarity to business sales

LAURA MILLAN  |  FRIDAY, 24 APR 2015
... taxation treatment that has been applied to these arrangements has been complex and has given rise to unfair outcomes for taxpayers," he added. "The ATO released a draft ruling in December 2007 that changed the way earnouts would be treated for both ...

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 ...