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Showing 251 - 260 of 353 results for "Levy"

Macquarie admits "unresolved matters" with ATO

LAURA MILLAN  |  WEDNESDAY, 21 MAY 2014
Macquarie Group has admitted it has "unresolved matters" with the Australian Tax Office (ATO), but it considers it holds "appropriate provisions" in those. The group reacted to information published by Fairfax Media, which revealed a full-scale audit ...

Low income retirees to feel budget pain

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
... pressure on super funds to develop more efficient retirement income products. Vamos also warned super funds that the deficit levy would mean the marginal tax rate would rise by 2%. This, she said, could affect people regardless of their income. "Those ...

Govt needs six votes to pass pension changes

JAMES FERNYHOUGH  |  THURSDAY, 15 MAY 2014
... has the support of the Liberal Democratic Party and Family First. It is understood that Labor will support the 2% deficit levy on people with incomes above $180,000.

Budget forces advisers to rethink tax, retirement strategies

LAURA MILLAN  |  TUESDAY, 13 MAY 2014
... how they can retire," the FPA general manager of policy and government relations Dante De Gori told Financial Standard. The levy on high income earners will also be a factor to take into account in the next two years. AFA chief executive Brad Fox said ...

Budget speech 2014 -15

... Budget. From 1 July this year and for just three years, we are asking higher-income earners to pay a Temporary Budget Repair Levy that in effect increases the top marginal tax rate by two percentage points, for people earning more than $180,000 a year. ...

Industry prepares for Abbott's first budget

JAMES FERNYHOUGH  |  TUESDAY, 13 MAY 2014
... stretching as far as the eye can see. But it's also a nation-building budget." Abbott confirmed that there will be a deficit levy, expected to affect those earning more than $180,000 a year. Abbott said he himself would pay an additional $6500 a year ...

Super needs a radical new solution to longevity: Keating

ALEX DUNNIN  |  FRIDAY, 9 MAY 2014
... elderly Australians. He said the options for the government to do this are to either introduce an additional superannuation levy on wages or to quarantine a portion of a retiree's lump sum at retirement and only making it available to them 20-30 years ...

Bored to zzz

BENJAMIN ONG  |  TUESDAY, 6 MAY 2014
... even want to join the discussion about the recommendations of the National Commission of Audit that includes the deficit "levy" (not tax) and the "end of the age of entitlement" cuts to welfare for I cannot be sure for sure how many of 'em recommendations ...

FoFA amendments undermine confidence in advisers: Shorten

LAURA MILLAN  |  MONDAY, 28 APR 2014
... Shorten spoke a day after Prime Minister Tony Abbott refused to rule out that the government was preparing to introduce a levy on high incomes to reduce Australia's deficit. "We are going to do it in ways which are faithful to the commitments that we ...

Prescriptions galore

BENJAMIN ONG  |  THURSDAY, 3 APR 2014