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Showing 241 - 250 of 1013 results for "Taxation"

ATO backs SMSFs as strong retirement choice

ELIZA BAVIN  |  THURSDAY, 17 DEC 2020
The Australian Taxation Office assistant commissioner said he is focused on ensuring SMSFs remain a strong and credible retirement planning choice for Australians going forward. In an end of year message, assistant commissioner Justin Micale said as ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
How much did Challenger, Perpetual, UBS and J.P. Morgan pay in taxes? The Australian Taxation Office has released the latest numbers. The ATO's latest Corporate Tax Transparency report found AMP Limited as the financial institution outside the big ...

SMSFs dump $30bn in shares

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... of COVID-19, with members dumping their allocation to listed shares over the past year, new data shows. The Australian Taxation Office quarterly statistical report for September 2020 shows allocation to listed shares has reduced by nearly $30 billion ...

We've done our part, now it's your turn: Lowe

ELIZA BAVIN  |  THURSDAY, 3 DEC 2020
... so I'm reluctant to advise you on these structural policies," Lowe replied. Lowe did however agree that the Australian taxation system is not optimal and while there are things that can be done in that realm acknowledged it may be politically difficult. ...

Advice for all could add $630bn to economy

JAMIE WILLIAMSON  |  WEDNESDAY, 25 NOV 2020
... the economy. CPA Australia and CoreData modelled the macro-economic impact of making professional advice - accounting, taxation, financial, superannuation, business, and mortgage broking advice - available to the entire population. The modelling found ...

Franking credits more important than ever

ELIZA BAVIN  |  TUESDAY, 24 NOV 2020
... retirees are missing out on additional income because their Australian equity portfolios do not take advantage of the taxation system, according to Plato Investment Management. Plato portfolio manager Peter Gardner said, with interest rates at historic ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
The Retirement Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared ...

Shipton's tax bill under scrutiny

ELIZABETH MCARTHUR  |  WEDNESDAY, 18 NOV 2020
... KPMG. "They were making payments to the chair flowing from an initial agreement when the chair was appointed to provide taxation advice. Our concerns around that were that the initial advice was for a much lower figure..." Hehir said. "The original decision ...

Off-platform assets consume advisers' time

KARREN VERGARA  |  MONDAY, 9 NOV 2020
... forms of managed accounts and investments, including custodial and non-custodial assets." According to the Australian Taxation Office, some $342 million of the $733 billion SMSF industry is invested in assets that are challenging to hold on platforms ...

BAS agents to expand service offering

ANNABELLE DICKSON  |  FRIDAY, 6 NOV 2020
... against the SGC. In addition BAS agents will be able to represent clients in their dealings with the Commissioner of Taxation, be the authorised contact for payment arrangements relating to the SGC account and advise about an SGC liability. This expansion ...