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Showing 11 - 20 of 25 results for "Commonwealth budget"

Super taxes break $35bn budget hit

ALEX DUNNIN  |  WEDNESDAY, 1 FEB 2017
... four years. Superannuation taxation expenditures in 2015-16 represent an amount equivalent to 8.2% of the Commonwealth budget, up from 7.3% in 2012-13. But in a fiscal warning, and despite policy changes designed to trim the tax breaks, by 2019-20 Treasury ...

Economic Wrap

BENJAMIN ONG  |  THURSDAY, 15 SEP 2016
... impact confidence: two interest rate cuts from the Reserve Bank and associated reductions in mortgage rates; a Commonwealth Budget; a Federal election; and some major developments offshore such as the surprise UK referendum result ('Brexit') and the ...

Economic Wrap

ALEX DUNNIN  |  TUESDAY, 2 AUG 2016
... in claimable interest rate based deductions on negatively property which should be a net positive for the commonwealth budget notwithstanding there will be offsetting effects on deeming rates. Dwelling approvals fall in June: ABS The number of dwellings ...

No change to super tax subsidy measure

ALEX DUNNIN  |  FRIDAY, 4 DEC 2015
... issued its report into its review of the Tax Expenditures Statement (TES) that tries to measure the cost to the Commonwealth Budget of tax concessions by taxpayers. Superannuation lobby groups aligned to the wealth management sector have long argued ...

GST increase would deliver $42 billion: FSC

DARREN SNYDER  |  MONDAY, 6 JUL 2015
The Financial Services Council (FSC) believes Australia's existing mix of taxation is unsustainable with an ageing population and baby boomers moving out of the workforce. Among the FSC's submission to the Tax White Paper are four key proposals including ...

ISA appoints "fiscal hawk" chief economist

ALEX BURKE  |  WEDNESDAY, 3 JUN 2015
... "fiscal hawk" and added that the ISA supports his goals for Budget reform: "I'm somebody who'd like to see the Commonwealth budget fixed." He said: "I think what they're looking to do is certainly to have a bigger role in the commentary space. And potentially ...

Super tax subs worth $30bn in 2014

ALEX DUNNIN  |  TUESDAY, 3 FEB 2015
... contributions and the concessional tax rates that apply to superannuation entities. Treasury estimates these cost the Commonwealth Budget $29.7 billion in 2014. Recognising the hypthetical nature of these estimates, Treasury this year has also published ...

Super subsidies cost $32bn: Treasury

ALEX DUNNIN  |  FRIDAY, 31 JAN 2014
... subsidies, transfer payments and handouts that litter the economy and account for approximately one-fifth the Commonwealth Budget. While this latest TES has attempted to explain how the estimates can be prone to the vagaries of estimation methodologies ...

Baird proposes tax changes for NSW infrastructure

JAMES FERNYHOUGH  |  WEDNESDAY, 30 OCT 2013
... process, to get the community on board, to sell an asset, to work to additional infrastructure. It's not in the Commonwealth budget," he said. "It's windfall revenue. Why don't you redirect those tax equivalents and put it back to work in the state ...

Next government to reconsider super taxes: Grattan Inst

ALEX DUNNIN  |  WEDNESDAY, 5 JUN 2013
Bringing the commonwealth budget into structural surplus will require the next government to be very different to the Rudd-Gillard and Howard governments, and this will inevitably force a review of superannuation taxes, argued the Grattan Institute ...