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Showing 21 - 30 of 293 results for "Taxpayers"

Unindexed cap forecast to impact 500k people

CASSANDRA BALDINI  |  FRIDAY, 3 MAR 2023
... have already retired. Financial Services Council (FSC) analysis of ATO data found a significant portion of Australian taxpayers will breach the cap in their lifetime and face a 30% earnings tax. Of those impacted, 204,000 will be under 30, while 135,541 ...

Super on PPL a drop in the ocean

CASSANDRA BALDINI  |  THURSDAY, 2 MAR 2023
... having an argument over whether we should spend an extra $200 million each year on some budget item. On behalf of the taxpayers across Australia, I'm monumentally embarrassed that we're having a fight over something so trivial." Rainmaker data ...

Productivity Commission kicks off philanthropy review

CHLOE WALKER  |  MONDAY, 13 FEB 2023
... communities," he said. However, while deductable donations have increased as a share of total income, the percentage of taxpayers making donations has fallen. The Productivity Commission will consult broadly, including with Commonwealth, state and territory ...

Advisers put on notice: HLB Mann Judd

CASSANDRA BALDINI  |  TUESDAY, 7 FEB 2023
... with building and structuring tax advice overtime." In 2014, the watchdog allowed a "one-off" pardon enabling eligible taxpayers to disclose omitted offshore income, capital gains and over-claimed deductions for reduced penalties as well as protection ...

Federal Budget is challenging: Economist

CHLOE WALKER  |  WEDNESDAY, 26 OCT 2022
... than ever before, Richardson said in response. "There is now a clear set of tradeoffs between disabled Australians and taxpayers," he said. "We need to do the right thing by disabled Australians, and we need to do the right thing by taxpayers. But that ...

Crypto asset reforms underway: Treasurer

ANDREW MCKEAN  |  MONDAY, 22 AUG 2022
... with the crypto asset sector." The government said the Australian Taxation Office (ATO) estimates more than one million taxpayers have interacted with the crypto asset ecosystem since 2018. However, more distended, YouGov research commissioned by Swyftx ...

Review of ASIC funding model begins

ANDREW MCKEAN  |  TUESDAY, 9 AUG 2022
... (taxation) or budget funding." Prior to the introduction of the Industry Funding Model, ASIC was primarily funded by taxpayers through government appropriations. Costs were recovered in proportion to the costs incurred by ASIC in respect of each regulated ...

KPMG spotlights super's biggest challenges

ANDREW MCKEAN  |  FRIDAY, 29 JUL 2022
... OECD view that tax risk management should be part of good corporate governance. The initiative identifies the top 1000 taxpayers (large multinational and public companies) to participate in a streamlined review, this includes APRA-regulated super funds. ...

Superannuation not a super solution to housing affordability

ANDREW MCKEAN  |  TUESDAY, 17 MAY 2022
... throwing petrol on a bonfire - it will jack up prices, inflate young people's mortgages and add to the aged pension, which taxpayers will have to pay for." "Super is meant to be for people's retirement, not supercharging house prices and pushing the ...

Government welcomes ATO family trust guidance

CHLOE WALKER  |  TUESDAY, 12 APR 2022
... running small businesses, to manage their financial affairs. This draft guidance replaces the ATO's 2014 guidance, which taxpayers and their advisers have been relying on, concerning when a beneficiary's entitlement to trust income arises out of a reimbursement ...