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Showing 11 - 20 of 323 results for "Taxpayers"

Super funds given reprieve from Trump's 'Big Beautiful Bill'

ELIZA BAVIN  |  FRIDAY, 27 JUN 2025
... introduced retaliatory tax increases as high as 20% on specific income categories, with direct implications for Australian taxpayers earning US sourced income. Association of Superannuation Funds of Australia (ASFA) chief policy and advocacy officer ...

Chalmers advocates for Aussie instos on 'Big Beautiful Bill'

ELIZA BAVIN  |  THURSDAY, 26 JUN 2025
... 899 would introduce retaliatory tax increases on specific income categories, with direct implications for Australian taxpayers earning US sourced income. "I've engaged a lot with Australian investors over the course of the last couple of weeks on their ...

The tax system is being weaponised to inflict abuse, ombudsman says

ANDREW MCKEAN  |  THURSDAY, 3 APR 2025
... be present. "The challenge in identifying and evidencing financial abuse means there may be a significant cohort of taxpayers who aren't getting the support they need with tax and superannuation issues and are being held liable by the ATO for debts they ...

New tax cuts for every Australian 'a complete joke': UNSW

ANDREW MCKEAN  |  TUESDAY, 25 MAR 2025
... by declaring that cost-of-living pressures are "front and centre," unveiling two surprise tax cuts for all Australian taxpayers. From 1 July 2026, the 16% tax rate, which applies to taxable income between $18,201 and $45,000 will be reduced to 15%, with ...

Government looks to bolster TPB, tax compliance

JAMIE WILLIAMSON  |  TUESDAY, 25 MAR 2025
... targeting high-risk practitioners. This will commence from July 1. The government said the measures are aimed at protecting taxpayers from tax agent misconduct, including poor and unlawful tax advice, and increase confidence in the tax system. It also ...

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
... reorganisation is undertaken in any event due to a commercial need, the costs of that reorganisation are increased. Corporate taxpayers don't face these issues as they currently have access to the tax consolidation regime..." AustralianSuper said. AustralianSuper ...

Australians don't trust politicians with their super: FSC

ANDREW MCKEAN  |  TUESDAY, 11 FEB 2025
... Analysis of Australian Taxation Office (ATO) data commissioned by the FSC last year found that more than 500,000 current taxpayers - many under the age of 30 - would be adversely affected by the proposed 30% tax on superannuation balances exceeding $3 ...

$3m super tax will level playing field: Australia Institute

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... the concessions allow the wealthy to reduce the tax they pay on their income before retirement, it means Australian taxpayers are in effect funding the retirement of the very wealthiest in the country," he said. Treasury estimates that the concessions ...

Top superannuation policy priorities for 2025: SMC

ANDREW MCKEAN  |  TUESDAY, 10 DEC 2024
... that any policy proposals undermining these will undermine Australians' retirement savings and "hand a large bill" to taxpayers. For example, its research shows that a 30-year-old who withdrew $20,000 through the COVID-19 early release of super scheme ...

Permanent disablement claims for mental health explodes

ANDREW MCKEAN  |  THURSDAY, 5 DEC 2024
... to a $385 million or 200% increase for other physical causes of a claim. "At the end of the day, it's Australian taxpayers who'll be footing the bill if these trends continue as government safety nets and payments are stretched beyond capacity," ...