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Showing 41 - 50 of 901 results for "Taxation"

Budget of missed opportunities: Industry

CASSANDRA BALDINI  |  WEDNESDAY, 10 MAY 2023
... for the government to reopen the consultation and said it needs more discussion. "If the government proceeds with the taxation of unrealised gains as proposed in their consultation paper released in late March, given many small business premises and ...

How this budget was built

ALEX DUNNIN  |  TUESDAY, 9 MAY 2023
... federal budget was built, you need to understand its 2022-23 foundations because just five taxes accounted for 97% of all taxation revenue and just six programs accounted for 71% of all expenditures, with the biggest two accounting for 52%. In a tumultuous ...

Budget cuts advisers' power bills, admin burden

KARREN VERGARA  |  TUESDAY, 9 MAY 2023
... This is estimated to free up $290 million across SMEs. Chalmers also promised to make interactions with the Australian Taxation Office quicker. "The measures will allow more time for small businesses to amend tax returns, trial ATO independent reviews ...

Another round of consultation for veteran super taxation

JAMIE WILLIAMSON  |  TUESDAY, 9 MAY 2023
... legislation aimed at ensuring no veteran pays higher income taxes as a result of the Federal Court decision in Commissioner of Taxation v Douglas (Douglas decision). The Douglas decision found that certain veterans' invalidity pension payments in ...

FCA simplifies listing rules to attract global companies

ANDREW MCKEAN  |  WEDNESDAY, 3 MAY 2023
... reported by The UK Listing Review. While a company's decision to list involves various factors beyond regulation, such as taxation policies and capital availability, the UK's listing regime has been viewed by some issuers and advisers as "too complicated" ...

Ad hoc changes to super scare self-funded retirees: ASA

CHLOE WALKER  |  MONDAY, 24 APR 2023
... allocation in an orderly fashion, and also allow the development of a reporting regime to "enable a more appropriate taxation of realised profits."

Slash proposed tax rate for high super balances: FAAA

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... liability. The FAAA says that consideration should be given to aligning the new measure to existing superannuation and taxation laws as much as possible," she said. Treasurer Jim Chalmers floated the changes in late February to bring the headline tax ...

ATO keeping tabs on SMSF early access, tax avoidance

KARREN VERGARA  |  FRIDAY, 21 APR 2023
... retirement savings early. Of the total SMSFs in existence, 25% are operated by private wealth groups, according to Australian Taxation Office assistant commissioner for self-managed superannuation funds risk and strategy Justin Micale. Micale told a ...

Superannuation changes limit tax benefits for top earners: ASFA

ANDREW MCKEAN  |  FRIDAY, 21 APR 2023
... superannuation changes will improve equity by curbing tax benefits for high-income earners. The introduction of higher taxation for balances exceeding $3 million is projected to lead to a 9.5% reduction in tax concessions related to investment earnings ...

Franking credit changes could backfire: SMSF Association

ANDREW MCKEAN  |  WEDNESDAY, 12 APR 2023
... manipulation of the franking system," he said. "Disallowing franking in these situations would expose the shareholders to double taxation. Company profits would still be subject to tax, but the shareholder would receive an unfranked dividend with no ...