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Showing 191 - 200 of 370 results for "Levy"

Record tax receipts, record outlays yet back to surplus

ALEX DUNNIN  |  TUESDAY, 2 APR 2019
... Goods and Services Tax. In comparison, it's worth reminding ourselves that opportunistic initiatives such as the bank levy raised only $1.6 billion this financial year which is just 0.3% of total receipts. The Commonwealth Government raises more ...

Australia in effective recession: Academic

KANIKA SOOD  |  THURSDAY, 7 MAR 2019
... 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.

Advice firm runs rule over Labor policy

DARREN SNYDER  |  FRIDAY, 7 DEC 2018
... rate is not discounted, but the 30% tax rate is now lower than the 25% discount to the top marginal tax rate plus Medicare levy of 35.25%," he added. On the potential loss of franking credit tax refunds, Philpot said this measure disadvantages those ...

ASIC funding numbers released

HARRISON WORLEY  |  THURSDAY, 6 DEC 2018
... than $28 million on the financial advice sector as a result of its new cost-recovery funding. In addition to the minimum levy of $1500, licensees providing personal advice to retail clients on relevant financial products contributed $934 per adviser ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
... doesn't qualify them to receive full Age Pension can pay some income tax. It also wants seniors to start paying the Medicare levy when they become liable to pay some income tax. "They would then pay a similar amount of tax to younger workers with ...

Discriminatory bank regulation hits super savings

JAMIE WILLIAMSON  |  WEDNESDAY, 22 AUG 2018
... Scheme (FCS) and thereby treated as stable. This is further compounded by the Net Stable Funding Ratio and the Major Bank Levy. "Because unstable deposits require banks to hold more low-yielding liquid assets than in the case of stable deposits, the ...

CBA readies wealth demerger, records $9.2bn cash profit

DARREN SNYDER  |  WEDNESDAY, 8 AUG 2018
... previous year, hindered by items such as the $700 million AUSTRAC penalty, the removal of ATM withdrawal fees and the major bank levy. CBA chief executive Matt Comyn acknowledged a challenging year and said the decision to demerge wealth management ...

AFCA funding lacks transparency: AIST

KARREN VERGARA  |  THURSDAY, 26 JUL 2018
... industry-funded arrangements used by its predecessors. The proposed AFCA funding model will have three components: a membership levy based on business size and type; a user is charged based on the number of complaints; and complaint fees calculated based ...

Should high-income earners pay charity levy?

DARREN SNYDER  |  FRIDAY, 13 JUL 2018
... have proposed a new system to better distribute Australia's wealth - one which would see high-income earners pay a charity levy. The levy would be based on a small percentage of earnings for Australians with income of more than $269,000 ($US200,000). ...

Super startup returns to drawing board

JAMIE WILLIAMSON  |  FRIDAY, 22 JUN 2018
... on hold as well as the departure of its chief executive after eight months in the role. Human Super interim chair Jeremy Levy told Financial Standard the venture is still continuing but has taken "some steps to preserve capital pending completion of ...