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Showing 11 - 19 of 19 results for "Medicare Levy"

A one-handed clap for ScoMo's Budget

BENJAMIN ONG  |  TUESDAY, 23 MAY 2017
... 0.4% of GDP by then. In addition to these, consumer spending will be further restrained by the 0.5% increase in the Medicare levy (if passed), among others. Slowing household spending - which accounts for roughly 60% of the economy - threatens the Budget ...

Another Budget, another promised surplus

BENJAMIN ONG  |  WEDNESDAY, 10 MAY 2017
... will be achieved through expected higher tax receipts - "as a result of policy decisions including increasing the Medicare levy, introducing a major bank levy, improving the integrity of GST on property transactions and introducing a Skilling Australians ...

Budget for the wealthy: Labor

KARREN VERGARA  |  TUESDAY, 9 MAY 2017
... cuts for people making $1 million a year, he said, and cut funding for schools (including TAFE) and Medicare. The Medicare levy will increase on 1 July 2017 from 2% to 2.5% to fund the National Disability Insurance Scheme. Also starting July 1, Medicare ...

Government debt on its way to $606bn

ALEX DUNNIN  |  TUESDAY, 9 MAY 2017
... levies that are expected to raise $17 billion over the next four years ranging from the bank levy, increases to the Medicare levy, the Skilled Australians levy and new restrictions on deductions available to housing investors. In aggregate terms this ...

Actuaries call for objectives across retirement system

DARREN SNYDER  |  FRIDAY, 8 APR 2016
... reintroducing maximum withdrawal factors for income streams. Lump sums above $195,000 to be taxed at 15% plus the Medicare levy. Maintain means test exemption on home equity releases. Establish specific target in relation to fiscal sustainability of ...

Rice Warner debunks super myths

DARREN SNYDER  |  FRIDAY, 12 JUN 2015
... well known that tax rates are not efficient nor internationally competitive at the current level of 47% (including Medicare levy) or 49% if we also include the Temporary Budget Repair Levy," the submission states. "If the top marginal rate is reduced ...

Budget 2013-14 wrap up

ALEX DUNNIN  |  WEDNESDAY, 15 MAY 2013
... headlines for the sector are that the superannuation changes announced on 5 April 2013 have been confirmed, the Medicare levy will increase by 0.5% from next year to offset the cost of National Disability Insurance Scheme (NDIS), some future tax cuts ...

Financial markets give the budget a big yawn

BENJAMIN ONG  |  WEDNESDAY, 15 MAY 2013
... wrong with that - some of the budget measures were, in fact, commendable. But aside from the 0.5% increase in the Medicare levy, the Gonski education reforms, and DisabilityCare - all locked in - almost everything else is up on the air and given the ...

SG not a tax: Tax Inquiry

ALEX DUNNIN  |  THURSDAY, 13 APR 2006
... superannuation in any way. "Putting money into superannuation is a very effective investment," they said. In including the Medicare levy in the taxation calculations, the authors of the report did acknowledge that as a tax though how they treated other ...
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