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Showing 21 - 30 of 328 results for "Taxpayers"

AustralianSuper warns outdated tax laws will hurt returns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," ...

ANZ suspected of more mistakes amid bond saga

MATTHEW WAI  |  MONDAY, 4 NOV 2024
... the alleged conduct to impact the interest payments of the Commonwealth on the bonds issued and therefore Australian taxpayers," he said. ASIC launched an investigation into the bank 's role as joint lead manager and risk manager on an issuance of $14 ...

Making a splash: The economic impact of AUKUS

KARREN VERGARA  |  WEDNESDAY, 23 OCT 2024
... September 2021 mandates Australia deliver nuclear-powered submarines over two stages spanning 30 years, reportedly costing taxpayers between $250 billion and $368 billion. Prime Minister Anthony Albanese is selling AUKUS as a bonanza for employment that ...

Independent MPs call for super reforms

ELIZA BAVIN  |  WEDNESDAY, 14 AUG 2024
... uncertainty." Spender, the Member for Wentworth, will also introduce an amendment to allow the deferral of payment for taxpayers who might otherwise be forced to sell their illiquid assets. "We need to have appropriate tax on super, but taxing unrealised ...

UK government to establish national wealth fund

JAMIE WILLIAMSON  |  WEDNESDAY, 10 JUL 2024
... "clean energy superpower." It is looking to mobilise billions more in private investment while delivering a return to taxpayers as it will also manage any budget surplus, the government said. It will kick off with $13.85 billion (£7.3 billion) of immediate ...

Industry reacts to Federal Budget

ELIZA BAVIN  |  WEDNESDAY, 15 MAY 2024
... Commission - will help tackle gender inequity at retirement," she said. Tax cuts From 1 July 2024, all 13.6 million taxpayers will get a tax cut, which will flow through into their pay packets immediately thereafter. The tax cuts replace the original ...