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Showing 51 - 60 of 156 results for "Tax System"

ATO doubles down on fraud crackdown

ELIZA BAVIN  |  WEDNESDAY, 24 JUN 2020
... penalties for fraud can include financial penalties, prosecution, and imprisonment for the most serious cases. "Our tax system works on a self-assessment model. We will generally operate on the basis Australians are honest, meaning we will accept the ...

SMSFs to weather the storm

ELIZA BAVIN  |  THURSDAY, 28 MAY 2020
... happy to lend the support. "A lot of them are the first to say they can afford it, they've had a great ride on the tax system, and this is their time to give back," Heffron said. While some are prepared to bear the brunt of the pain, the ATO has said ...

Retirement review goes off the rails

HARRISON WORLEY  |  FRIDAY, 28 FEB 2020
... is possibly no better economic policy to increase take home pay and economic activity, and improve the status of the tax system than unwinding superannuation, Murray argues. "So, I just wanted to get out there and say it, and make people think about ...

TPB welcomes independent review

ELIZABETH MCARTHUR  |  FRIDAY, 2 AUG 2019
... services, to ensure tax advisers act lawfully and ethically, and enhance community confidence in the integrity of the tax system." Submissions on the discussion paper are now open and all parties with an interest in the review are urged to make a submission. ...

Franking changes feared by shareholders

HARRISON WORLEY  |  TUESDAY, 19 MAR 2019
... quest for a modest quality of life in retirement. "The refundability of franking credits has been a part of the current tax system for over 18 years now," Freeman said. "It has been a key element in encouraging individuals to save for their own retirement ...

Asia Funds Passport takes flight

HARRISON WORLEY  |  MONDAY, 4 FEB 2019
The Financial Services Council is calling for an overhaul of the tax system to secure the future of the Asia Region Funds Passport, which began operation on Friday. The Asia Region Funds Passport (ARFP) allows certain Australian managed funds to be ...

Stop undermining franking credit refunds: Wilson

KARREN VERGARA  |  FRIDAY, 30 NOV 2018
... warned the proposed changes to franking credit refunds will not only damage the Australian economy but undermine the tax system. Wilson presented an economic case on why both sides of politics should safeguard the current system at the House of Representatives ...

Labor franking credit changes fair but not the best: Grattan

KANIKA SOOD  |  MONDAY, 26 NOV 2018
... marginal rate of income tax. The report concludes abolishing cash refunds may well be a reasonable second-best policy in a tax system rife with distortions. But there are better ways, says Grattan. Grattan's first-best solution The researchers have ...

Argo Investments attacks Labor franking policy

HARRISON WORLEY  |  MONDAY, 22 OCT 2018
... investors, including individuals and superannuation funds, to claim their full credits is an established feature of our tax system and is core to the financial security of retirees," Wilson said. "There has been legitimate community concern about proposals ...

Franking credits inquiry launched

HARRISON WORLEY  |  THURSDAY, 20 SEP 2018
... investors, including individuals and superannuation funds, to claim their full credits is an established feature of our tax system and is core to the financial security of retirees," Wilson said. "There has been legitimate community concern about proposals ...