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Showing 481 - 490 of 6880 results for "Tax"

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... lower-cost products. The Federal Election Policy Priorities report also points to implementing an evidence-based review of the tax system, instead of piecemeal tinkering with superannuation taxes. At 30%, Australia's company tax rate is uncompetitive ...

Aussie billionaires make $67k per hour: Oxfam

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
Australian billionaires earn $67,000 an hour, according to a new report from Oxfam, which is 1300 times more than what everyday workers make. The 47 billionaires based in Australia saw their wealth rise by more than 8% or $28 billion last year, the ...

Vanguard fined US$106m for investors' massive tax bill

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
... US$106.4 million for "materially misleading" investors in the Investor Target Retirement Funds (Investor TRFs) about their future tax liabilities. The failings relate to Vanguard dropping the minimum initial investment amount of the Vanguard Institutional ...

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

KARREN VERGARA  |  TUESDAY, 21 JAN 2025
Laws that will double the tax on earnings of superannuation balances over $3 million, which were shelved in late 2024, will make the system fairer particularly as many are doing it tough, The Australia Institute says. The Australia Institute chief economist ...

Trump inaugurated as 47th President

ELIZA BAVIN  |  TUESDAY, 21 JAN 2025
Donald Trump has officially been sworn in as the 47 th US President as he takes on his second, non-consecutive term. Trump took to the stage for his "Day 1" official address unleashing a raft of executive orders and reaffirming his America first policies. ...

MA Financial readies first LIT for launch

MATTHEW WAI  |  MONDAY, 20 JAN 2025
... distributions and a risk-adjusted target return of the RBA Cash Rate + 4.25% per annum over a rolling 12-month period (pre-tax, net of management fees and costs). Investors can benefit from exposure to an underlying $3.7 billion portfolio of 165 private ...

Bell Financial expects revenues, profits to rise

ANDREW MCKEAN  |  THURSDAY, 16 JAN 2025
... full-year revenues will rise 12% to $276 million (FY23: $247 million). It also anticipated a 26% increase in profit after tax to $30.7 million (FY23: $24.3 million). Bell Financial's retail and wholesale broking revenues increased 12% on FY23 to $177.8 ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
The Administrative Review Tribunal (ART) has declined to stay or suspend sanctions imposed by the Tax Practitioners Board (TPB) against disqualified tax agents in three separate cases. All three cases relate to misconduct on the part of tax agents ...

Mason Stevens rolls out super admin fee changes

MATTHEW WAI  |  WEDNESDAY, 15 JAN 2025
... regulatory obligations. "Recent guidance from the Australian Taxation Office (ATO) with respect to the treatment of reduced input tax credits (RITC) that can be claimed by platform super funds has meant the trustee has had to reassess its ability to ...

Trump's response to global conflict adds uncertainty to private markets: IFM

ANDREW MCKEAN  |  TUESDAY, 14 JAN 2025
... be considered equally important, particularly as the world assesses the impact of the incoming administration's corporate tax cuts and trade policy - such as tariffs on China. "Investors will need to consider the growth and inflationary implications ...