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Showing 51 - 60 of 163 results for "Tax System"

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 ...

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 ...