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Showing 41 - 50 of 295 results for "Tax cuts"

New caps can increase super contributions: SMSFA

KARREN VERGARA  |  THURSDAY, 22 FEB 2024
... be adjusted. SMSF Association chief executive Peter Burgess said these changes were expected and alongside the Stage 3 tax cuts mean that some may have additional disposable income to contribute more to super. Burgess told the SMSFA National Conference ...

Treasury unveils Stage 3 tax cuts changes

KARREN VERGARA  |  MONDAY, 29 JAN 2024
The federal government has officially released amendments to Stage 3 income tax cuts, saying that cost-of-living pressures has forced it to do so. Among the changes, Treasury is proposing to reduce the 19% tax rate to 16% and increase the threshold ...

Albanese set to overhaul Stage 3 tax cuts

KARREN VERGARA  |  WEDNESDAY, 24 JAN 2024
Prime Minister Anthony Albanese will amend the Stage 3 income tax cuts package, flagging that everyone is set to benefit from the changes. Albanese told radio station 2GB that all taxpayers will receive a tax cut. However, those earning over $180,000 ...

First trillionaire to emerge in next decade: Report

JAMIE WILLIAMSON  |  MONDAY, 15 JAN 2024
... Oxfam said only governments have the power to rein in such inequality. It is calling for the scrapping of the stage-three tax cuts, while implementing a progressive wealth tax of 2-5% on multi-millionaires and billionaires locally. The government should ...

Fitch downgrades US credit rating

ANDREW MCKEAN  |  WEDNESDAY, 2 AUG 2023
... peers, and has a complex budgeting process," Fitch said. "These factors, along with several economic shocks as well as tax cuts and new spending initiatives, have contributed to successive debt increases over the last decade. Additionally, there has ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... a high share of total taxation receipts explains why the Albanese government is loathe to reverse the Stage 3 income tax cuts. And let's not forget that just 20% of taxpayers - being those earning more $180,000 per year - have already been punished ...

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

CHLOE WALKER  |  WEDNESDAY, 12 APR 2023
... of economic gains fuelling the cost-of-living crisis for low-and middle-income Australians." Grudnoff said the Stage 3 tax cuts, "which will see people earning over $180,000 receiving the lion's share of benefits while minimum wage workers get nothing" ...

Cut spending and raise taxes, super preservation age: Grattan

JAMIE WILLIAMSON  |  WEDNESDAY, 12 APR 2023
... care services is sustainable," Grattan said. Other items aimed at increasing revenues include redesigning the Stage 3 tax cuts so they are less generous to the highest income earners; raising GST to 15% with compensation for the most vulnerable households ...

Australia's 1% just keep getting richer: Study

CHLOE WALKER  |  TUESDAY, 17 JAN 2023
... a roaring '20s boom for the world's richest." Oxfam is calling on the Australian government to scrap the stage three tax cuts, and to instead implement a systemic and wide-ranging increase in taxation of the super-rich. The organisation has calculated ...

Recovery set to slow: OECD

ANNABELLE DICKSON  |  THURSDAY, 16 SEP 2021
... increasing the Goods and Services Tax (GST) rate or broaden the base to offset regressive effects through personal income tax cuts, reducing private pension tax breaks and reducing the capital gains tax discount. Treasurer Josh Frydenberg said he has ...