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Showing 31 - 40 of 156 results for "Tax System"

AustralianSuper warns outdated tax laws will hurt returns

ANDREW MCKEAN  |  WEDNESDAY, 19 FEB 2025
AustralianSuper has called for a modernised tax system, warning that without reform super funds will at the very least be bogged down by complexity and compliance costs - and likely left at a competitive disadvantage that could drag on returns. In its ...

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... 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 with an ...

TPB welcomes stay of sanctions against disqualified agents

MATTHEW WAI  |  THURSDAY, 16 JAN 2025
... clients, preserving professional and ethical standards, and in building community confidence in the integrity of the tax system," de Cure said. "The TPB will take a firm approach in addressing serious misconduct that undermines public confidence and ...

Limiting negative gearing could add $2bn in annual revenue

ELIZA BAVIN  |  MONDAY, 30 SEP 2024
... to close the government's structural budget deficit, which is currently about 1-1.5% of GDP, and it would make our tax system more equitable."

Government urged to overhaul gift tax system

ELIZA BAVIN  |  FRIDAY, 19 JUL 2024
The Australian government has tabled the final report of the Productivity Commission's (PC) inquiry into philanthropy in Australia: Future foundations for giving. The report makes several recommendations to strengthen the foundations of philanthropy ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... high levels of company and personal income taxes (ranked 57th and 55th respectively)," Wilson said. "All parts of the tax system must be on the table - particularly the balance between taxing incomes and capital - if we want to be able fund critical ...

Treasury releases draft legislation for new $3m super tax

ELIZA BAVIN  |  TUESDAY, 19 MAR 2024
... Australian taxation system. A policy that is counter to the broader policies and operation of the Australian income tax system."

Stage 3 tax cuts pass Senate

JAMIE WILLIAMSON  |  WEDNESDAY, 28 FEB 2024
... about $1504, the government said. Previously, they would have saved around $700. "The changes to the personal income tax system will have a net cost of $1.3 billion over the forward estimates. The total impact of these tax cuts is expected to be $107 ...

Treasury consults on PwC-linked reforms

CASSANDRA BALDINI  |  WEDNESDAY, 20 SEP 2023
... its draft legislation and is seeking feedback on its proposed reforms, which aim to strengthen the integrity of the tax system and regulators' powers in response to the recent PwC scandal. The new legislation outlines changes to tax promoter penalties ...

Government cracks down following PwC scandal

CASSANDRA BALDINI  |  TUESDAY, 8 AUG 2023
... million to over $780 million. In a statement, government said the new package looks to bolster the integrity of the tax system, further empower regulators, and strengthen current frameworks so they are fit for purpose. "We're cracking down on misconduct ...