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Showing 21 - 30 of 320 results for "Taxpayers"

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 ...

Budget 2024: Stage 3 tax cuts to take effect July 1

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... for middle Australia are the biggest part of the cost of living relief in this Budget. From July 1, all 13.6 million taxpayers will get a tax cut," Chalmers said. "And for 84% of taxpayers, and 90% of women, a bigger tax cut than they would have under ...

Budget 2024: Cost of living relief takes centre stage

ELIZA BAVIN  |  TUESDAY, 14 MAY 2024
... government has also increased the Medicare levy low-income thresholds for 2023-24, ensuring more than one million low-income taxpayers continue to be exempt from the Medicare levy or pay a reduced levy rate. The government is also providing $3.5 billion ...

SMC says 'reckless' plan could cost taxpayers $1tn

ELIZA BAVIN  |  THURSDAY, 9 MAY 2024
... Coalition's plan for young Australians to use their super for a house deposit, saying new modelling shows it could cost taxpayers a cumulative $1 trillion. SMC said even a policy which capped super withdrawals at $50,000 could still create a $300 billion ...

ATO flags key focus areas this tax time

ELIZA BAVIN  |  MONDAY, 6 MAY 2024
The Australian Taxation Office (ATO) has announced it will be taking a close look at three key areas where taxpayers make common mistakes this tax season. Incorrectly claiming work-related expenses, inflation claims for rental properties and failing ...

Super for housing 'economically reckless': SMC

ANDREW MCKEAN  |  WEDNESDAY, 1 MAY 2024
... capital cities. It warned that an uncapped scheme would lead to an even greater property price surge and cost future taxpayers billions in higher pension costs. The Association of Superannuation Funds of Australia (ASFA) said it was disappointed to see ...

Proposed super tax obfuscates legacy pensions rules: SMSFA

KARREN VERGARA  |  WEDNESDAY, 24 APR 2024
... retirement income products. This in turn will make the administration of Division 296 a whole lot simpler and efficient for taxpayers, regulators, and the superannuation industry."

ATO targets crypto investors, sharing economy

KARREN VERGARA  |  WEDNESDAY, 17 APR 2024
... amount of tax. "Data provided to the ATO includes cryptocurrency purchase and sale information. The data will identify taxpayers who fail to disclose their income details correctly," he said. Those taking part in the sharing economy will also be high ...

Senate Committee endorses Superannuation Objective Bill

ANDREW MCKEAN  |  WEDNESDAY, 3 APR 2024
... led to policy uncertainty, misguided proposals, and reduced retirement savings, ultimately placing a greater burden on taxpayers. "The Objective of Superannuation will importantly benefit and support superannuation members, and support policymakers to ...