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Showing 41 - 50 of 156 results for "Tax System"

Government cracks the whip on multinationals

ANDREW MCKEAN  |  MONDAY, 26 JUN 2023
... multiple rounds of public consultation, that endeavour to strike a balance between the integrity of Australia's tax system and supporting genuine commercial activity while being mindful of compliance costs. Leigh assured that the Treasury will continue ...

Top 10% pocket 93% of Australia's wealth: Research

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... the report, this "inequality on steroids" is due to stagnating wages, insecure work, soaring profits and an unfair tax system. "From the 1950s to the 1980s, Australia was considered the land of the fair go and we saw people benefiting more equally from ...

Mercer proposes superannuation tax overhaul

ANDREW MCKEAN  |  MONDAY, 6 FEB 2023
Mercer has called for a fairer superannuation tax system, particularly for lower-income earners and women in its pre-budget submission. Mercer's proposed changes aim to improve the fairness of the super tax system, which currently has an inherent bias ...

Budget deficit pressured by debt costs

ANDREW MCKEAN  |  WEDNESDAY, 26 OCT 2022
... focusing new spending on investments and reform that expands the productive capacity of the economy; and delivering a tax system that funds government services more fairly, and more sustainably. Responding to the Budget measures, abrdn chief economist ...

Government strengthens multinationals tax laws

CASSANDRA BALDINI  |  MONDAY, 8 AUG 2022
... in high taxation jurisdictions altogether," it said. "Transparency is a key factor underpinning the integrity of the tax system. It can help to deter MNEs from entering arrangements to minimise their tax paid and helps to build community confidence that ...

Government vows support for SMEs, self-funded retirees

JAMIE WILLIAMSON  |  THURSDAY, 24 MAR 2022
... returns," Frydenberg said. There are just under one million trusts and around 1.8 million beneficiaries in the Australian tax system, the Treasurer said, and this will enable digital lodgment for up to 30,000 trusts currently lodge by paper. More measures ...

abrdn outlines climate change action plan

JAMIE WILLIAMSON  |  FRIDAY, 5 NOV 2021
... rewards companies and investors that go green," Bird said. "We also need a proper debate and action on the role of the tax system in the transition. Pricing carbon needs to be focused on changing behaviours, and ensuring a just transition, on a national ...

Tax agent banned for dishonesty

ANNABELLE DICKSON  |  FRIDAY, 10 SEP 2021
... tolerated. Most tax practitioners do the right thing, but where there are transgressions that put the integrity of the tax system and the reputation of the tax profession at risk, the TPB will act firmly and swiftly," TPB chair Ian Klug said. "Over 88% ...

Turnbull calls out Wilson, Bragg

ELIZA BAVIN  |  FRIDAY, 12 MAR 2021
... decision. "I would have preferred that money had come from the government - which means it would have been funded by the tax system so people on higher incomes ultimately would have paid a larger share of it," he said. "I thought it was a bad policy. ...

Super tax structure less progressive: RIR

ELIZA BAVIN  |  FRIDAY, 20 NOV 2020
... Income Review has labelled the superannuation taxation system as "flat" and less progressive than the individual income tax system. The review noted that most people pay less tax when they chose to save through their superannuation compared with other ...