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Showing 541 - 550 of 959 results for "ATO"

Labor fights phoenix fraud

EMMA RAPAPORT  |  WEDNESDAY, 24 MAY 2017
... creditors. In 2012, it was estimated that the practice was costing employees, small businesses and the Australian Taxation Office (ATO) up to $3.2 billion annually. The new reforms bring Labor in line with continued calls from the Productivity Commission ...

Senior ATO official tangled in $165m fraud scandal

JAMIE WILLIAMSON  |  THURSDAY, 18 MAY 2017
... believe at this point that he had any knowledge of the actual conspiracy and defrauding," Close said. Cranston has served at the ATO for more than 30 years and has actively worked to combat tax crime as a member of the Serious Financial Crime Taskforce. ...

ATO pushes back SMSF returns deadline

KARREN VERGARA  |  MONDAY, 15 MAY 2017
... who are feeling the pressure in meeting annual SMSF lodgment in addition to providing advice to clients about the changes, ATO deputy commissioner James O'Halloran said. "Accountants, tax agents and SMSF advisers play a key role in ensuring that their ...

LRBA loophole for SMSFs removed

EMMA RAPAPORT  |  THURSDAY, 11 MAY 2017
... twice about taking on a LRBA to invest in property, as this may trigger the $1.6 million transfer balance cap in retirement. ATO statistics show that SMSFs currently hold $24.3 billion in LRBAs, with these financial instruments being predominantly used ...

Investment trusts receive affordable housing concessions

ALEX BURKE  |  WEDNESDAY, 10 MAY 2017
... it said. In order to implement these provisions, the Government will provide an additional $1.5 million in funding to the ATO.

Tax breaks delivered to first home buyers

EMMA RAPAPORT  |  TUESDAY, 9 MAY 2017
... Australian Taxation Office which will determine the amount of contributions that can be released. To facilitate this, the ATO will instruct superannuation funds to make payments as required. These earnings amounts will be calculated using a deemed rate ...

ATO hits back at claims of inadequacy

EMMA RAPAPORT  |  FRIDAY, 5 MAY 2017
... superannuation guarantee payments has exacerbated the growing problem of non-compliance. In a press release issued yesterday, the ATO deputy commissioner James O'Halloran said the ATO recognises the importance of the superannuation guarantee in providing ...

ATO blamed for SG non-payment

KARREN VERGARA  |  WEDNESDAY, 3 MAY 2017
... superannuation guarantee payments has exacerbated the growing problem of non-compliance, a Senate committee report found. The ATO's reactive rather than proactive practices significantly contributed to the fiscal impact of SG non-payment, the Senate ...

Treasurer opens the way for increased infrastructure spending

EMMA RAPAPORT  |  FRIDAY, 28 APR 2017
... viably afford not to?" The treasurer also praised the government's new tough laws on multinational tax avoidance, noting the ATO's recent raising of $2.9 billion in tax liabilities against seven multinational companies. Turning his attention to superannuation ...

Opposition floats SMSF borrowing ban

EMMA RAPAPORT  |  FRIDAY, 21 APR 2017
... use of limited recourse borrowing arrangements by SMSFs is playing a significant role in affecting housing affordability. "ATO statistics show that SMSFs hold $24.3 billion in LRBAs, with these financial instruments being predominantly used to invest ...