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Showing 31 - 40 of 162 results for "Tax reform"

The regulatory pendulum has swung too far: FSC

ANDREW MCKEAN  |  FRIDAY, 31 JAN 2025
... with GDP growth slowing over 2024 to an annual rate of 0.8%-the weakest in a generation outside the COVID-19 downturn. Tax Reform Briggs labelled the proposed superannuation tax on balances with over $3 million as "symbolic of everything that's wrong ...

Financial services deregulation boosts economy by $2bn: FSC

KARREN VERGARA  |  WEDNESDAY, 22 JAN 2025
... country's international competitiveness and discourages domestic investment. FSC chief executive Blake Briggs said a mature tax reform debate requires all options to be left on the table, including taxes on superannuation, the company tax rate, and ...

Treasury flags $23bn in CGT benefits

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... the top income decile." Treasurer Jim Chalmers added that the government has a "substantial agenda" when it comes to tax reform - including enacting the $3 million superannuation tax that was tabled during the final sitting week of parliament. "The government's ...

Chalmers defends budget deficits in MYEFO

ELIZA BAVIN  |  WEDNESDAY, 18 DEC 2024
... budget's deep structural deficit have been laid bare." Lee said the government needs to focus on significant economic and tax reform to stabilise Australia's fiscal position. "Australia's structural budget deficit is the result of years of successive ...

Productivity slump threatens asset returns: Shane Oliver

ANDREW MCKEAN  |  WEDNESDAY, 11 DEC 2024
... Chinese growth mean "we cannot rely on that." Oliver suggested that boosting productivity would require measures such as tax reform to rebalance from direct tax to a broader GST, compensating those adversely affected, and removing "nuisance taxes" like ...

Superannuation tax shakeup proposed by Actuaries Institute

ANDREW MCKEAN  |  MONDAY, 9 DEC 2024
A discussion paper commissioned by the Actuaries Institute has proposed a three-pronged tax reform package aimed at making the superannuation system less complex, more equitable, and sustainable. The professional body argued that the complexity of taxes ...

$3m super tax faces uncertain future

ELIZA BAVIN  |  TUESDAY, 26 NOV 2024
... the many unintended consequences of taxing unrealised capital gains and the dangerous precedent this sets for future tax reform." Neo Super head of SMSF technical services Nicholas Ali also welcomed the reports, saying the legislation would double the ...

Australia's competitiveness climbs world rankings

ELIZA BAVIN  |  TUESDAY, 18 JUN 2024
... nations. In addition, the cost of office rents is a rising challenge (60th). "CEDA has long been calling for broad-based tax reform, and this report makes the need even more clear, given our consistently high levels of company and personal income taxes ...

SMSFA prepares delegates for major super tax reform

KARREN VERGARA  |  MONDAY, 5 FEB 2024
The SMSF Association is urging the wealth management sector to embrace learning opportunities at this year's National Conference, particularly as major reforms such as the $3 million superannuation tax changes loom. The SMSFA will host its flagship ...

Local fund managers lag global peers: FSC

CHLOE WALKER  |  FRIDAY, 27 OCT 2023
... centres is not an accident. This has been achieved through a deliberate focus by these jurisdictions on regulatory and tax reform that support the global attractiveness and competitiveness of their funds management sectors." The CCIV was established ...