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Showing 11 - 20 of 43 results for "Tax avoidance"

The self-funded retiree is a misnomer: Institute

JAMIE WILLIAMSON  |  MONDAY, 6 FEB 2023
... taken off the budget in terms of providing for Australians' retirement, but "it certainly is providing a lucrative tax avoidance facility for multimillionaires." According to the ATO, there's just shy of 900 self-managed superannuation funds producing ...

Franking credit crackdown rife with unintended consequences: LICAT

ANDREW MCKEAN  |  WEDNESDAY, 28 SEP 2022
... raisings. In a submission to Treasury, LICAT explained that while there may be mischievous situations involving tax avoidance and dividend distributions, the proposed legislation had problems emanating from within its conceptual heart. "Proposed legislation ...

Financial services' biggest tax bills revealed

ANNABELLE DICKSON  |  FRIDAY, 11 DEC 2020
... deputy commissioner Rebecca Saint said. "Companies that report sustained losses year-on-year face scrutiny from the Tax Avoidance Taskforce," she said.

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... spirit of the measure (which is designed to assist those experiencing hardship), severe penalties can be applied to tax avoidance schemes or those found to be breaking the law. If someone recommends something like this that seems too good to be true ...

Another billion removed from super

ELIZA BAVIN  |  MONDAY, 22 JUN 2020
... has caught individuals misusing the scheme by applying when they are not eligible or using the funds as a means of tax avoidance. The ATO warned that it will take action against individuals who are not eligible. "If you are unable to demonstrate your ...

ATO cracks down on HNWs

ELIZA BAVIN  |  THURSDAY, 12 MAR 2020
The Australian Taxation Office has announced it will be expanding its Tax Avoidance Taskforce and introducing a new program targeting high wealth private groups. The ATO said in the 2016-17 financial year high wealth individuals and groups avoided paying ...

SGE extension could hurt small entities: FSC

HARRISON WORLEY  |  THURSDAY, 16 JAN 2020
... concerns with draft legislation seeking to extend the definition of significant global entities to ensure multinational tax avoidance rules apply to all relevant entities. In its submission to the government's consultation on exposure draft legislation ...

Google to pay ATO $481.5m

ALLY SELBY  |  THURSDAY, 19 DEC 2019
... ATO, raking in a nice $1.25 billion to bolster the budget. "Thanks to the efforts of our ATO officers under the Tax Avoidance Taskforce and the introduction of the Multinational Anti-Avoidance Law (MAAL), Australian sourced sales by these digital giants ...

Successful advisers integrate estate planning

KARREN VERGARA  |  FRIDAY, 22 SEP 2017
... structures to spread income among different members, she said, adding discretionary trusts receive a bad rap as being tax avoidance vehicles. Many clients use them to protect assets within the family more than anything else as well as provide for their ...

Treasurer opens the way for increased infrastructure spending

EMMA RAPAPORT  |  FRIDAY, 28 APR 2017
... is how can we viably afford not to?" The treasurer also praised the government's new tough laws on multinational tax avoidance, noting the ATO's recent raising of $2.9 billion in tax liabilities against seven multinational companies. Turning his attention ...